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 the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $37.43, for a total value of $834,689.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Red Violet Stock Down 1.2 %

Red Violet stock traded down $0.46 during mid-day trading on Wednesday, reaching $36.49. 45,909 shares of the company’s stock were exchanged, compared to its average volume of 49,747. The business’s fifty day simple moving average is $30.57 and its 200 day simple moving average is $26.87. The firm has a market capitalization of $503.20 million, a PE ratio of 102.64 and a beta of 1.46. Red Violet, Inc. has a one year low of $16.56 and a one year high of $39.27.

Institutional Investors Weigh In On Red Violet

Several hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its stake 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 acquiring an additional 2,816 shares during 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 lifted its stake in shares of Red Violet by 157.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,613 shares of the company’s stock valued at $330,000 after acquiring an additional 7,108 shares during the last quarter. Institutional investors own 63.56% of the company’s stock.

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.