Red Violet, Inc. (NASDAQ:RDVT - Get Free Report) Director Peter Benz sold 22,300 shares of Red Violet stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $37.43, for a total value of $834,689.00. Following the completion of the transaction, the director now directly owns 80,766 shares in the company, valued at approximately $3,023,071.38. This represents a 21.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Red Violet Stock Performance
Shares of NASDAQ RDVT opened at $36.49 on Thursday. The company's 50 day moving average price is $30.72 and its 200-day moving average price is $26.94. Red Violet, Inc. has a 52-week low of $16.56 and a 52-week high of $39.27. The company has a market capitalization of $503.20 million, a P/E ratio of 101.36 and a beta of 1.46.
Hedge Funds Weigh In On Red Violet
Several hedge funds and other institutional investors have recently bought and sold shares of RDVT. Lazard Asset Management LLC grew its holdings in Red Violet by 352.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,614 shares of the company's stock worth $70,000 after acquiring an additional 2,816 shares during the period. SG Americas Securities LLC bought a new stake in shares of Red Violet during the 3rd quarter valued at about $199,000. Cubist Systematic Strategies LLC bought a new stake in shares of Red Violet during the 2nd quarter valued at about $204,000. PDT Partners LLC acquired a new stake in Red Violet during the third quarter worth approximately $325,000. Finally, BNP Paribas Financial Markets increased its holdings in Red Violet by 157.8% in the third quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company's stock worth $330,000 after purchasing an additional 7,108 shares in the last quarter. Institutional investors and hedge funds own 63.56% of the company's stock.
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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.
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