Steven D. Rubin Sells 10,000 Shares of Red Violet, Inc. (NASDAQ:RDVT) Stock

Red Violet, Inc. (NASDAQ:RDVT) Director Steven D. Rubin sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $38.93, for a total value of $389,300.00. Following the sale, the director now owns 141,138 shares of the company’s stock, valued at approximately $5,494,502.34. This trade represents a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Red Violet Stock Performance

Red Violet stock opened at $38.64 on Friday. The stock has a market cap of $538.60 million, a PE ratio of 107.33 and a beta of 1.63. Red Violet, Inc. has a one year low of $16.56 and a one year high of $43.44. The stock has a fifty day moving average of $37.88 and a 200 day moving average of $34.48.

Institutional Trading of Red Violet

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in Red Violet by 157.8% during the third quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock valued at $330,000 after purchasing an additional 7,108 shares during the period. Walleye Capital LLC bought a new stake in Red Violet during the third quarter valued at about $532,000. PDT Partners LLC bought a new stake in Red Violet during the third quarter valued at about $325,000. Janus Henderson Group PLC grew its holdings in Red Violet by 4.3% during the third quarter. Janus Henderson Group PLC now owns 24,305 shares of the company’s stock valued at $691,000 after purchasing an additional 992 shares during the period. Finally, State Street Corp grew its holdings in Red Violet by 5.7% during the third quarter. State Street Corp now owns 188,993 shares of the company’s stock valued at $5,377,000 after purchasing an additional 10,199 shares during the period. Hedge funds and other institutional investors own 63.56% of the company’s stock.

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.