Red Violet (NASDAQ:RDVT) Sets New 1-Year High - Here's What Happened

Red Violet, Inc. (NASDAQ:RDVT - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $39.88 and last traded at $39.71, with a volume of 15069 shares changing hands. The stock had previously closed at $39.45.

Red Violet Trading Down 5.7 %

The firm's 50-day moving average price is $33.48 and its two-hundred day moving average price is $28.67. The stock has a market cap of $513.06 million, a PE ratio of 103.33 and a beta of 1.49.

Insider Buying and Selling at Red Violet

In other Red Violet news, Director Peter Benz sold 22,300 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total value of $834,689.00. Following the completion of the sale, the director now directly owns 80,766 shares in the company, valued at $3,023,071.38. This trade represents a 21.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President James Patrick Reilly sold 10,000 shares of Red Violet stock in a transaction on Monday, November 25th. The stock was sold at an average price of $37.25, for a total transaction of $372,500.00. Following the completion of the transaction, the president now directly owns 272,124 shares in the company, valued at $10,136,619. This represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.50% of the company's stock.

Institutional Trading of Red Violet

Several hedge funds and other institutional investors have recently made changes to their positions in RDVT. Barclays PLC increased its position in Red Violet by 240.7% during the 3rd quarter. Barclays PLC now owns 18,502 shares of the company's stock valued at $526,000 after buying an additional 13,072 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Red Violet by 1.2% during the third quarter. Geode Capital Management LLC now owns 256,418 shares of the company's stock worth $7,297,000 after acquiring an additional 3,009 shares during the last quarter. State Street Corp increased its holdings in shares of Red Violet by 5.7% during the third quarter. State Street Corp now owns 188,993 shares of the company's stock valued at $5,377,000 after acquiring an additional 10,199 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Red Violet by 4.3% in the 3rd quarter. Janus Henderson Group PLC now owns 24,305 shares of the company's stock valued at $691,000 after purchasing an additional 992 shares during the last quarter. Finally, PDT Partners LLC acquired a new stake in Red Violet in the 3rd quarter worth approximately $325,000. Hedge funds and other institutional investors own 63.56% of the company's stock.

About Red Violet

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.