Red Violet (NASDAQ:RDVT) Reaches New 1-Year High – Here’s Why

Red Violet, Inc. (NASDAQ:RDVT) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $39.97 and last traded at $39.97, with a volume of 112 shares. The stock had previously closed at $38.72.

Red Violet Trading Up 2.2 %

The business has a fifty day moving average of $32.27 and a 200-day moving average of $28.05. The firm has a market cap of $527.05 million, a PE ratio of 106.17 and a beta of 1.49.

Insider Buying and Selling

In other Red Violet news, Director Peter Benz sold 22,300 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $37.43, for a total value of $834,689.00. Following the transaction, the director now directly owns 80,766 shares in the company, valued at $3,023,071.38. This represents a 21.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President James Patrick Reilly sold 10,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $37.25, for a total value of $372,500.00. Following the completion of the transaction, the president now owns 272,124 shares in the company, valued at $10,136,619. This represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Red Violet

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in Red Violet in the 3rd quarter worth about $199,000. Cubist Systematic Strategies LLC bought a new position in Red Violet in the 2nd quarter worth about $204,000. PDT Partners LLC bought a new position in Red Violet in the 3rd quarter worth about $325,000. BNP Paribas Financial Markets increased its stake in Red Violet by 157.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock worth $330,000 after acquiring an additional 7,108 shares during the last quarter. Finally, Pembroke Management LTD bought a new position in Red Violet in the 3rd quarter worth about $380,000. 63.56% of the stock is currently owned by institutional investors.

Red Violet Company Profile

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.