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

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

Red Violet Price Performance

The company 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 P/E 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 business’s stock in a transaction 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 transaction, the director now owns 80,766 shares of the company’s stock, valued at approximately $3,023,071.38. The trade was a 21.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President James Patrick Reilly sold 10,000 shares of the business’s stock in a transaction on 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 directly owns 272,124 shares in the company, valued at approximately $10,136,619. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its position in Red Violet by 240.7% in the third quarter. Barclays PLC now owns 18,502 shares of the company’s stock worth $526,000 after purchasing an additional 13,072 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Red Violet by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 256,418 shares of the company’s stock valued at $7,297,000 after buying an additional 3,009 shares during the last quarter. State Street Corp lifted its position in shares of Red Violet by 5.7% during the 3rd quarter. State Street Corp now owns 188,993 shares of the company’s stock valued at $5,377,000 after buying an additional 10,199 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Red Violet by 4.3% during the 3rd quarter. Janus Henderson Group PLC now owns 24,305 shares of the company’s stock valued at $691,000 after buying an additional 992 shares during the last quarter. Finally, PDT Partners LLC purchased a new position in shares of Red Violet during the 3rd quarter valued at $325,000. Hedge funds and other institutional investors own 63.56% of the company’s stock.

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.