Red Violet (NASDAQ:RDVT) CFO Daniel Maclachlan Sells 2,184 Shares

Red Violet, Inc. (NASDAQ:RDVT) CFO Daniel Maclachlan sold 2,184 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $57.81, for a total value of $126,257.04. Following the completion of the transaction, the chief financial officer directly owned 363,973 shares of the company’s stock, valued at $21,041,279.13. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Daniel Maclachlan also recently made the following trade(s):

• On Thursday, November 13th, Daniel Maclachlan sold 1,711 shares of Red Violet stock. The shares were sold at an average price of $56.95, for a total value of $97,441.45.
• On Wednesday, November 12th, Daniel Maclachlan sold 4,099 shares of Red Violet stock. The stock was sold at an average price of $57.85, for a total value of $237,127.15.
• On Monday, November 10th, Daniel Maclachlan sold 7,006 shares of Red Violet stock. The stock was sold at an average price of $58.11, for a total value of $407,118.66.

Red Violet Stock Performance

NASDAQ RDVT traded down $0.34 during trading hours on Friday, hitting $57.18. The company had a trading volume of 12,007 shares, compared to its average volume of 97,538. The firm has a market capitalization of $798.73 million, a price-to-earnings ratio of 74.25 and a beta of 1.76. Red Violet, Inc. has a 52 week low of $32.23 and a 52 week high of $64.14. The firm has a 50 day simple moving average of $52.56 and a 200 day simple moving average of $48.52.

Red Violet (NASDAQ:RDVT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. The firm had revenue of $23.08 million during the quarter, compared to the consensus estimate of $22.64 million. Red Violet had a net margin of 12.96% and a return on equity of 12.26%. On average, research analysts forecast that Red Violet, Inc. will post 0.51 earnings per share for the current year.

Hedge Funds Weigh In On Red Violet

Several institutional investors and hedge funds have recently bought and sold shares of RDVT. Nisa Investment Advisors LLC increased its stake in shares of Red Violet by 3,125.0% in the first quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company’s stock worth $39,000 after buying an additional 1,000 shares during the period. Rhumbline Advisers boosted its position in Red Violet by 2.5% during the 1st quarter. Rhumbline Advisers now owns 16,304 shares of the company’s stock valued at $613,000 after buying an additional 393 shares during the period. CWM LLC grew its holdings in Red Violet by 5,900.0% in the 1st quarter. CWM LLC now owns 17,640 shares of the company’s stock worth $663,000 after acquiring an additional 17,346 shares during the last quarter. American Century Companies Inc. grew its holdings in Red Violet by 63.9% in the 1st quarter. American Century Companies Inc. now owns 17,380 shares of the company’s stock worth $653,000 after acquiring an additional 6,776 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Red Violet by 28.4% in the first quarter. Acadian Asset Management LLC now owns 38,990 shares of the company’s stock valued at $1,464,000 after acquiring an additional 8,624 shares during the period. 63.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RDVT shares. Weiss Ratings reissued a “hold (c)” rating on shares of Red Violet in a research note on Wednesday, October 8th. Lake Street Capital reiterated a “buy” rating and issued a $62.00 target price on shares of Red Violet in a research report on Thursday, November 6th. B. Riley raised their price target on Red Violet from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Wall Street Zen upgraded Red Violet from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 9th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Red Violet currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

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.