8,034 Shares in Red Violet, Inc. $RDVT Purchased by Bard Associates Inc.

Bard Associates Inc. acquired a new stake in Red Violet, Inc. (NASDAQ:RDVT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 8,034 shares of the company’s stock, valued at approximately $512,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RDVT. Ieq Capital LLC acquired a new position in shares of Red Violet during the second quarter worth approximately $581,000. BlackRock Inc. bought a new position in Red Violet during the 2nd quarter valued at $60,582,000. Deutsche Bank AG bought a new position in Red Violet during the 2nd quarter valued at $708,000. Bank of New York Mellon Corp acquired a new position in shares of Red Violet during the 2nd quarter valued at $2,323,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Red Violet in the 2nd quarter worth $783,000. Institutional investors own 63.56% of the company’s stock.

Insider Transactions at Red Violet

In other news, insider Jeffrey Alan Dell sold 10,000 shares of Red Violet stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $57.44, for a total transaction of $574,400.00. Following the sale, the insider directly owned 155,889 shares in the company, valued at approximately $8,954,264.16. The trade was a 6.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President James Patrick Reilly sold 12,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $57.43, for a total transaction of $689,160.00. Following the completion of the sale, the president directly owned 232,351 shares in the company, valued at approximately $13,343,917.93. The trade was a 4.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 46,000 shares of company stock worth $2,641,880 over the last quarter. 8.90% of the stock is owned by company insiders.

Red Violet Trading Up 0.9%

Shares of RDVT stock opened at $71.17 on Friday. The firm has a market capitalization of $1.14 billion, a P/E ratio of 63.54 and a beta of 1.83. Red Violet, Inc. has a 1 year low of $33.40 and a 1 year high of $74.20. The firm’s fifty day simple moving average is $64.83 and its 200 day simple moving average is $50.84.

Red Violet (NASDAQ:RDVT) last released its earnings results on Monday, August 10th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.17. Red Violet had a return on equity of 16.12% and a net margin of 16.54%.The business had revenue of $26.72 million for the quarter, compared to the consensus estimate of $25.62 million. Equities research analysts anticipate that Red Violet, Inc. will post 1.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Zacks Research cut shares of Red Violet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Lake Street Capital raised their price objective on shares of Red Violet from $62.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. B. Riley Financial lifted their price objective on shares of Red Violet from $65.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Red Violet in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Red Violet from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Red Violet currently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Red Violet 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.