State Street Corp Buys 10,199 Shares of Red Violet, Inc. (NASDAQ:RDVT)

State Street Corp increased its stake in Red Violet, Inc. (NASDAQ:RDVT) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,993 shares of the company’s stock after purchasing an additional 10,199 shares during the quarter. State Street Corp owned 1.37% of Red Violet worth $5,377,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Red Violet during the 3rd quarter valued at about $199,000. Cubist Systematic Strategies LLC purchased a new position in shares of Red Violet in the second quarter worth approximately $204,000. PDT Partners LLC bought a new stake in Red Violet during the third quarter valued at approximately $325,000. BNP Paribas Financial Markets increased 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 buying an additional 7,108 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Red Violet by 5.7% in the second quarter. Rhumbline Advisers now owns 14,578 shares of the company’s stock worth $370,000 after acquiring an additional 781 shares during the period. Institutional investors own 63.56% of the company’s stock.

Red Violet Price Performance

Shares of Red Violet stock opened at $36.61 on Friday. Red Violet, Inc. has a 1-year low of $16.56 and a 1-year high of $39.88. The company’s fifty day simple moving average is $35.01 and its 200-day simple moving average is $29.51. The stock has a market capitalization of $504.93 million, a PE ratio of 101.69 and a beta of 1.49.

Insider Buying and Selling at Red Violet

In other news, Director Peter Benz sold 22,300 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $37.43, for a total value of $834,689.00. Following the completion of the sale, the director now directly owns 80,766 shares of the company’s stock, valued at $3,023,071.38. This represents a 21.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President James Patrick Reilly sold 10,000 shares of Red Violet stock in a transaction on Monday, November 25th. The shares were sold at an average price of $37.25, for a total transaction of $372,500.00. Following the transaction, the president now owns 272,124 shares in the company, valued at approximately $10,136,619. This trade represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by corporate insiders.

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.