Red Violet, Inc. $RDVT Shares Bought by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC increased its holdings in Red Violet, Inc. (NASDAQ:RDVT) by 119.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,000 shares of the company’s stock after buying an additional 15,225 shares during the period. Evernest Financial Advisors LLC owned about 0.20% of Red Violet worth $1,595,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Kennedy Capital Management LLC raised its stake in Red Violet by 46.4% during the fourth quarter. Kennedy Capital Management LLC now owns 123,688 shares of the company’s stock worth $7,044,000 after acquiring an additional 39,229 shares during the period. Barclays PLC raised its position in shares of Red Violet by 11.1% during the 4th quarter. Barclays PLC now owns 21,364 shares of the company’s stock worth $1,217,000 after buying an additional 2,132 shares in the last quarter. First Trust Advisors LP raised its position in shares of Red Violet by 33.6% during the 4th quarter. First Trust Advisors LP now owns 7,061 shares of the company’s stock worth $402,000 after buying an additional 1,774 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Red Violet by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,686 shares of the company’s stock worth $7,386,000 after buying an additional 7,317 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Red Violet by 145.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 567 shares of the company’s stock worth $32,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

Insider Activity at Red Violet

In related news, President James Patrick Reilly sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $57.43, for a total transaction of $689,160.00. Following the transaction, the president directly owned 232,351 shares of the company’s stock, valued at approximately $13,343,917.93. The trade was a 4.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Derek Dubner sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $57.43, for a total transaction of $689,160.00. Following the transaction, the chief executive officer directly owned 557,273 shares in the company, valued at $32,004,188.39. The trade was a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 46,000 shares of company stock valued at $2,641,880. Company insiders own 8.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Red Violet in a report on Friday, May 8th. Zacks Research downgraded shares of Red Violet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen downgraded shares of Red Violet from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Red Violet has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Red Violet Price Performance

Red Violet stock opened at $55.00 on Friday. The firm’s 50 day simple moving average is $45.49 and its 200-day simple moving average is $46.77. The company has a market cap of $776.00 million, a P/E ratio of 57.29 and a beta of 1.86. Red Violet, Inc. has a fifty-two week low of $33.40 and a fifty-two week high of $64.14.

Red Violet (NASDAQ:RDVT) last released its earnings results on Wednesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.14. The business had revenue of $25.83 million for the quarter, compared to the consensus estimate of $24.63 million. Red Violet had a net margin of 14.99% and a return on equity of 14.30%. On average, analysts expect that Red Violet, Inc. will post 1.06 EPS for the current fiscal year.

Red Violet Company Profile

Red Violet, Inc (NASDAQ: RDVT) is a provider of advanced data, analytics and technology solutions designed to help organizations mitigate financial crime, fraud and security risks. The company’s cloud-native platform consolidates and enriches data from proprietary, public and third-party sources, applying artificial intelligence and machine learning to deliver insights across the risk-management lifecycle. Red Violet’s suite of services includes behavior-based transaction monitoring, automated watchlist and negative-news screening, enhanced due diligence and real-time geospatial threat intelligence.

Leveraging proprietary algorithms, Red Violet offers products that enable compliance teams to streamline anti-money laundering processes, improve fraud detection and respond swiftly to emerging threats.