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

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

Red Violet Price Performance

Shares of RDVT opened at $36.49 on Friday. Red Violet, Inc. has a 1-year low of $16.56 and a 1-year high of $39.27. The company has a 50-day moving average of $30.84 and a 200 day moving average of $27.01. The firm has a market capitalization of $503.20 million, a price-to-earnings ratio of 101.36 and a beta of 1.46.

Institutional Investors Weigh In On Red Violet

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its holdings in shares of Red Violet by 352.9% in the 1st quarter. Lazard Asset Management LLC now owns 3,614 shares of the company’s stock valued at $70,000 after purchasing an additional 2,816 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Red Violet in the 3rd quarter valued at about $199,000. Cubist Systematic Strategies LLC bought a new stake in shares of Red Violet in the 2nd quarter valued at about $204,000. PDT Partners LLC bought a new stake in shares of Red Violet in the 3rd quarter valued at about $325,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Red Violet by 157.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock worth $330,000 after acquiring an additional 7,108 shares in the last quarter. 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.