Peter Benz Sells 22,300 Shares of Red Violet, Inc. (NASDAQ:RDVT) Stock

Red Violet, Inc. (NASDAQ:RDVT) Director Peter Benz sold 22,300 shares of Red Violet stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $37.43, for a total transaction of $834,689.00. Following the completion of the transaction, the director now directly owns 80,766 shares of the company’s stock, valued at $3,023,071.38. The trade was a 21.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Red Violet Stock Down 1.2 %

Shares of NASDAQ:RDVT opened at $36.49 on Friday. Red Violet, Inc. has a 52 week low of $16.56 and a 52 week high of $39.27. The firm has a fifty day simple moving average of $30.84 and a two-hundred day simple moving average of $27.01. The stock has a market capitalization of $503.20 million, a P/E ratio of 101.36 and a beta of 1.46.

Hedge Funds Weigh In On Red Violet

A number of large investors have recently made changes to their positions in RDVT. Vanguard Group Inc. boosted its stake in shares of Red Violet by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 571,919 shares of the company’s stock worth $11,181,000 after purchasing an additional 16,933 shares during the period. Quadrature Capital Ltd boosted its stake in shares of Red Violet by 3.7% during the 1st quarter. Quadrature Capital Ltd now owns 19,480 shares of the company’s stock worth $383,000 after purchasing an additional 702 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Red Violet by 352.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,614 shares of the company’s stock worth $70,000 after purchasing an additional 2,816 shares during the period. Kennedy Capital Management LLC boosted its stake in shares of Red Violet by 3.7% during the 1st quarter. Kennedy Capital Management LLC now owns 24,190 shares of the company’s stock worth $473,000 after purchasing an additional 862 shares during the period. Finally, Ancora Advisors LLC purchased a new position in shares of Red Violet during the 1st quarter worth about $899,000. 63.56% of the stock is owned by hedge funds and other institutional investors.

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.