Red Violet, Inc. (NASDAQ:RDVT) CEO Sells $462,100.00 in Stock

Red Violet, Inc. (NASDAQ:RDVT) CEO Derek Dubner sold 10,000 shares of Red Violet stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $46.21, for a total value of $462,100.00. Following the completion of the sale, the chief executive officer now owns 580,379 shares of the company’s stock, valued at $26,819,313.59. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Red Violet Stock Performance

Shares of NASDAQ:RDVT opened at $45.56 on Monday. Red Violet, Inc. has a 1 year low of $19.60 and a 1 year high of $46.95. The stock has a market capitalization of $635.61 million, a P/E ratio of 126.56 and a beta of 1.69. The stock has a 50-day simple moving average of $37.96 and a 200-day simple moving average of $37.03.

Institutional Trading of Red Violet

A number of institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Red Violet by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company’s stock worth $227,000 after purchasing an additional 259 shares during the period. Rhumbline Advisers grew its holdings in shares of Red Violet by 2.5% during the 1st quarter. Rhumbline Advisers now owns 16,304 shares of the company’s stock worth $613,000 after purchasing an additional 393 shares during the period. SG Americas Securities LLC grew its holdings in shares of Red Violet by 14.3% during the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock worth $289,000 after purchasing an additional 998 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Red Violet by 3,125.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company’s stock worth $39,000 after purchasing an additional 1,000 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Red Violet by 3.2% during the 4th quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company’s stock worth $1,235,000 after purchasing an additional 1,068 shares during the period. 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.