Red Violet (NASDAQ:RDVT) Insider Jeffrey Alan Dell Sells 2,733 Shares of Stock

Red Violet, Inc. (NASDAQ:RDVT) insider Jeffrey Alan Dell sold 2,733 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $57.85, for a total value of $158,104.05. Following the completion of the transaction, the insider directly owned 157,074 shares in the company, valued at approximately $9,086,730.90. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jeffrey Alan Dell also recently made the following trade(s):

• On Thursday, November 13th, Jeffrey Alan Dell sold 1,140 shares of Red Violet stock. The shares were sold at an average price of $56.95, for a total value of $64,923.00.
• On Tuesday, November 11th, Jeffrey Alan Dell sold 1,456 shares of Red Violet stock. The shares were sold at an average price of $57.81, for a total value of $84,171.36.
• On Monday, November 10th, Jeffrey Alan Dell sold 4,671 shares of Red Violet stock. The stock was sold at an average price of $58.11, for a total value of $271,431.81.

Red Violet Stock Down 0.6%

RDVT stock traded down $0.34 during trading hours on Friday, hitting $57.18. The company’s stock had a trading volume of 12,007 shares, compared to its average volume of 97,538. The company has a market capitalization of $798.73 million, a PE ratio of 74.25 and a beta of 1.76. Red Violet, Inc. has a 12 month low of $32.23 and a 12 month high of $64.14. The stock has a 50 day moving average price of $52.56 and a two-hundred day moving average price of $48.52.

Red Violet (NASDAQ:RDVT) last posted its earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Red Violet had a net margin of 12.96% and a return on equity of 12.26%. The business had revenue of $23.08 million for the quarter, compared to analyst estimates of $22.64 million. Sell-side analysts expect that Red Violet, Inc. will post 0.51 earnings per share for the current year.

Institutional Investors Weigh In On Red Violet

Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Red Violet by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,586 shares of the company’s stock worth $248,000 after acquiring an additional 312 shares in the last quarter. Prudential Financial Inc. raised its position in Red Violet by 0.8% in the 2nd quarter. Prudential Financial Inc. now owns 39,407 shares of the company’s stock valued at $1,939,000 after purchasing an additional 332 shares during the last quarter. Rhumbline Advisers boosted its stake in Red Violet by 2.5% in the first quarter. Rhumbline Advisers now owns 16,304 shares of the company’s stock worth $613,000 after purchasing an additional 393 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Red Violet during the second quarter worth $25,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Red Violet by 12.5% during the second quarter. Osaic Holdings Inc. now owns 4,486 shares of the company’s stock worth $221,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Lake Street Capital reissued a “buy” rating and set a $62.00 target price on shares of Red Violet in a research report on Thursday, November 6th. Wall Street Zen raised Red Violet from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 9th. B. Riley boosted their price objective on Red Violet from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Red Violet in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

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.