Red Violet (NASDAQ:RDVT) Shares Down 5.3% Following Insider Selling

Red Violet, Inc. (NASDAQ:RDVT) traded down 5.3% on Tuesday following insider selling activity. The company traded as low as $36.61 and last traded at $36.72. 49,557 shares were traded during mid-day trading, an increase of 0% from the average session volume of 49,390 shares. The stock had previously closed at $38.78.

Specifically, President James Patrick Reilly sold 10,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $37.25, for a total value of $372,500.00. Following the sale, the president now directly owns 272,124 shares in the company, valued at $10,136,619. The trade was a 3.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Red Violet Stock Performance

The stock has a market capitalization of $509.61 million, a PE ratio of 102.64 and a beta of 1.46. The company’s fifty day simple moving average is $30.41 and its two-hundred day simple moving average is $26.76.

Institutional Trading of Red Violet

Large investors have recently modified their holdings of the business. Barclays PLC raised its position in shares of Red Violet by 240.7% during the 3rd quarter. Barclays PLC now owns 18,502 shares of the company’s stock worth $526,000 after purchasing an additional 13,072 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Red Violet by 1.2% in the third quarter. Geode Capital Management LLC now owns 256,418 shares of the company’s stock worth $7,297,000 after acquiring an additional 3,009 shares during the last quarter. State Street Corp raised its holdings in shares of Red Violet by 5.7% in the third quarter. State Street Corp now owns 188,993 shares of the company’s stock worth $5,377,000 after acquiring an additional 10,199 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Red Violet by 4.3% in the third quarter. Janus Henderson Group PLC now owns 24,305 shares of the company’s stock valued at $691,000 after acquiring an additional 992 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in shares of Red Violet during the third quarter valued at $325,000. 63.56% of the stock is currently owned by institutional investors and hedge funds.

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.