Red Violet (NASDAQ:RDVT) President James Patrick Reilly Sells 1,711 Shares

Red Violet, Inc. (NASDAQ:RDVT) President James Patrick Reilly sold 1,711 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $56.95, for a total transaction of $97,441.45. Following the transaction, the president owned 231,078 shares in the company, valued at $13,159,892.10. This represents a 0.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

James Patrick Reilly also recently made the following trade(s):

• On Wednesday, November 12th, James Patrick Reilly sold 4,099 shares of Red Violet stock. The stock was sold at an average price of $57.85, for a total value of $237,127.15.
• On Tuesday, November 11th, James Patrick Reilly sold 2,184 shares of Red Violet stock. The stock was sold at an average price of $57.81, for a total value of $126,257.04.
• On Monday, November 10th, James Patrick Reilly sold 7,006 shares of Red Violet stock. The shares were sold at an average price of $58.11, for a total transaction of $407,118.66.

Red Violet Stock Performance

Shares of RDVT traded up $0.24 during midday trading on Friday, hitting $57.75. 21,021 shares of the company traded hands, compared to its average volume of 97,582. Red Violet, Inc. has a 52 week low of $32.23 and a 52 week high of $64.14. The stock has a market cap of $806.77 million, a price-to-earnings ratio of 75.00 and a beta of 1.76. The firm has a 50 day moving average of $52.56 and a 200-day moving average of $48.52.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on RDVT. Weiss Ratings reissued a “hold (c)” rating on shares of Red Violet in a research report on Wednesday, October 8th. Wall Street Zen raised Red Violet from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 9th. Lake Street Capital restated a “buy” rating and issued a $62.00 price objective on shares of Red Violet in a report on Thursday, November 6th. Finally, B. Riley upped their target price on shares of Red Violet from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.00.

Institutional Trading of Red Violet

Several institutional investors have recently bought and sold shares of RDVT. Fifth Third Bancorp acquired a new position in shares of Red Violet during the second quarter valued at approximately $25,000. State of Alaska Department of Revenue purchased a new stake in shares of Red Violet during the third quarter worth $33,000. Nisa Investment Advisors LLC raised its position in shares of Red Violet by 3,125.0% in the first quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company’s stock valued at $39,000 after buying an additional 1,000 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Red Violet by 160.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,032 shares of the company’s stock worth $51,000 after buying an additional 636 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in Red Violet in the 2nd quarter worth approximately $121,000. 63.56% of the stock is owned by institutional investors and hedge funds.

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.