Red Violet (NASDAQ:RDVT) CFO Daniel Maclachlan Sells 4,099 Shares

Red Violet, Inc. (NASDAQ:RDVT) CFO Daniel Maclachlan sold 4,099 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $57.85, for a total value of $237,127.15. Following the sale, the chief financial officer directly owned 359,874 shares in the company, valued at $20,818,710.90. This trade represents a 1.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, November 13th, Daniel Maclachlan sold 1,711 shares of Red Violet stock. The stock was sold at an average price of $56.95, for a total value of $97,441.45.
• On Tuesday, November 11th, Daniel Maclachlan sold 2,184 shares of Red Violet stock. The shares were sold at an average price of $57.81, for a total transaction of $126,257.04.
• On Monday, November 10th, Daniel Maclachlan sold 7,006 shares of Red Violet stock. The shares were sold at an average price of $58.11, for a total transaction of $407,118.66.

Red Violet Stock Down 1.2%

NASDAQ:RDVT traded down $0.72 during trading hours on Friday, hitting $56.80. 8,253 shares of the company’s stock traded hands, compared to its average volume of 97,533. The firm has a market cap of $793.43 million, a P/E ratio of 73.76 and a beta of 1.76. The business’s fifty day simple moving average is $52.56 and its two-hundred day simple moving average is $48.52. Red Violet, Inc. has a 52 week low of $32.23 and a 52 week high of $64.14.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Red Violet by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 932,707 shares of the company’s stock worth $48,734,000 after purchasing an additional 37,622 shares during the period. Ashford Capital Management Inc. boosted its position in Red Violet by 1.3% during the 2nd quarter. Ashford Capital Management Inc. now owns 593,514 shares of the company’s stock valued at $29,201,000 after acquiring an additional 7,610 shares in the last quarter. Brown Capital Management LLC grew its holdings in shares of Red Violet by 31.3% during the 2nd quarter. Brown Capital Management LLC now owns 469,340 shares of the company’s stock worth $23,092,000 after acquiring an additional 111,908 shares during the period. Geode Capital Management LLC lifted its stake in shares of Red Violet by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 273,818 shares of the company’s stock valued at $13,475,000 after purchasing an additional 12,102 shares during the period. Finally, Ophir Asset Management Pty Ltd purchased a new position in shares of Red Violet in the 2nd quarter valued at approximately $11,892,000. 63.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.