Insider Selling: Red Violet, Inc. (NASDAQ:RDVT) Director Sells 10,000 Shares of Stock

Red Violet, Inc. (NASDAQ:RDVT - Get Free Report) Director Steven D. Rubin sold 10,000 shares of the business's stock in a transaction dated 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 owns 141,138 shares in the company, valued at $5,494,502.34. This trade represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Red Violet Stock Performance

Shares of NASDAQ:RDVT traded up $1.42 during trading on Tuesday, hitting $40.75. The company's stock had a trading volume of 88,146 shares, compared to its average volume of 64,973. The company has a market capitalization of $568.01 million, a PE ratio of 113.19 and a beta of 1.63. Red Violet, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $43.44. The business has a 50 day moving average price of $37.99 and a two-hundred day moving average price of $34.60.

Hedge Funds Weigh In On Red Violet

Several hedge funds and other institutional investors have recently made changes to their positions in RDVT. Quantbot Technologies LP purchased a new stake in shares of Red Violet during the fourth quarter worth approximately $88,000. Wells Fargo & Company MN raised its holdings in shares of 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 in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Red Violet in the 4th quarter valued at $207,000. Hsbc Holdings PLC purchased a new stake in shares of Red Violet during the 4th quarter worth $215,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Red Violet by 4.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company's stock worth $227,000 after purchasing an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 63.56% of the company's stock.

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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.