Red Violet, Inc. (NASDAQ:RDVT) Director Steven D. Rubin Sells 10,000 Shares

Red Violet, Inc. (NASDAQ:RDVT) Director Steven D. Rubin sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $38.93, for a total transaction of $389,300.00. Following the sale, the director now directly owns 141,138 shares of the company’s stock, valued at approximately $5,494,502.34. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Red Violet Trading Up 0.1 %

NASDAQ RDVT opened at $38.64 on Friday. The firm has a market cap of $538.60 million, a price-to-earnings ratio of 107.33 and a beta of 1.63. The company has a 50 day moving average of $37.88 and a 200-day moving average of $34.44. Red Violet, Inc. has a 1-year low of $16.56 and a 1-year high of $43.44.

Institutional Trading of Red Violet

Several hedge funds have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Red Violet during the fourth quarter valued at approximately $88,000. Wells Fargo & Company MN grew its stake in shares of Red Violet by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,688 shares of the company’s stock valued at $206,000 after purchasing an additional 2,089 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Red Violet during the fourth quarter valued at approximately $207,000. Hsbc Holdings PLC bought a new stake in shares of Red Violet during the fourth quarter valued at approximately $215,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Red Violet by 4.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company’s stock valued at $227,000 after purchasing an additional 259 shares during the last quarter. Institutional investors and hedge funds 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.