Red Violet (NASDAQ:RDVT) Trading Down 5.3% Following Insider Selling

Shares of Red Violet, Inc. (NASDAQ:RDVT) traded down 5.3% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $36.61 and last traded at $36.72. 49,557 shares were traded during trading, an increase of 0% from the average session volume of 49,390 shares. The stock had previously closed at $38.78.

Specifically, President James Patrick Reilly sold 10,000 shares of Red Violet stock in a transaction dated 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 sale, the president now owns 272,124 shares of the company’s stock, valued at $10,136,619. The trade was a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Red Violet Stock Down 1.2 %

The stock has a 50-day moving average of $30.57 and a 200 day moving average of $26.87. The stock has a market cap of $503.20 million, a PE ratio of 101.36 and a beta of 1.46.

Hedge Funds Weigh In On Red Violet

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ancora Advisors LLC acquired a new stake in shares of Red Violet in the first quarter worth $899,000. Marshall Wace LLP grew its position in Red Violet by 323.4% during the 2nd quarter. Marshall Wace LLP now owns 56,561 shares of the company’s stock worth $1,437,000 after purchasing an additional 43,203 shares during the period. Los Angeles Capital Management LLC grew its position in Red Violet by 158.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 56,050 shares of the company’s stock worth $1,595,000 after purchasing an additional 34,348 shares during the period. Legato Capital Management LLC acquired a new stake in Red Violet during the second quarter worth about $595,000. Finally, Walleye Capital LLC acquired a new stake in Red Violet during the third quarter worth about $532,000. 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.