Insider Selling: Red Violet, Inc. (NASDAQ:RDVT) Insider Sells 5,000 Shares of Stock

Red Violet, Inc. (NASDAQ:RDVT) insider Jeffrey Alan Dell sold 5,000 shares of Red Violet stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $46.20, for a total value of $231,000.00. Following the transaction, the insider now owns 172,968 shares in the company, valued at approximately $7,991,121.60. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Red Violet Price Performance

NASDAQ RDVT opened at $45.56 on Monday. Red Violet, Inc. has a one year low of $19.60 and a one year high of $46.95. The firm has a market cap of $635.61 million, a P/E ratio of 126.56 and a beta of 1.69. The stock’s 50-day moving average is $37.96 and its 200-day moving average is $37.03.

Institutional Trading of Red Violet

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its holdings 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 period. Quantbot Technologies LP acquired a new position in Red Violet in the 4th quarter worth $88,000. GAMMA Investing LLC increased its holdings in Red Violet by 206,650.0% during the 1st quarter. GAMMA Investing LLC now owns 4,135 shares of the company’s stock worth $155,000 after purchasing an additional 4,133 shares in the last quarter. Wells Fargo & Company MN raised its stake 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 during the period. Finally, Franklin Resources Inc. acquired a new stake in shares of Red Violet in the 4th quarter valued at about $207,000. 63.56% of the stock is owned by institutional investors.

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.