Steven D. Rubin Sells 10,000 Shares of Red Violet, Inc. (NASDAQ:RDVT) Stock

Red Violet, Inc. (NASDAQ:RDVT) Director Steven D. Rubin sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total transaction of $389,300.00. Following the sale, the director now directly owns 141,138 shares of the company’s stock, valued at approximately $5,494,502.34. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Red Violet Stock Performance

Shares of RDVT stock traded up $0.05 during trading hours on Friday, hitting $38.64. 79,676 shares of the company were exchanged, compared to its average volume of 64,591. The company has a 50 day simple moving average of $37.79 and a two-hundred day simple moving average of $34.38. Red Violet, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $43.44. The firm has a market cap of $538.60 million, a P/E ratio of 107.33 and a beta of 1.63.

Institutional Trading of Red Violet

Hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in Red Violet in the 4th quarter valued at $88,000. Wells Fargo & Company MN grew its position in Red Violet by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,688 shares of the company’s stock valued at $206,000 after purchasing an additional 2,089 shares during the period. Franklin Resources Inc. acquired a new stake in Red Violet in the 4th quarter valued at $207,000. Hsbc Holdings PLC acquired a new stake in Red Violet in the 4th quarter valued at $215,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Red Violet by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company’s stock valued at $227,000 after purchasing an additional 259 shares during the period. Institutional investors and hedge funds own 63.56% of the company’s stock.

Red Violet Company Profile

Red Violet, Inc, a software and services company, specializes in proprietary technologies and applying analytical capabilities to deliver identity intelligence in the United States. It offers idiCORE, an investigative solution used to address various organizational challenges, which include due diligence, risk mitigation, identity authentication, fraud detection and prevention, customer acquisition, and regulatory compliance; and FOREWARN, an app-based solution that provides instant knowledge before face-to-face engagement with a consumer, as well as helps professionals to identify and mitigate risk.