Cubist Systematic Strategies LLC Buys 8,635 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Cubist Systematic Strategies LLC lifted its stake in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 82.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,097 shares of the company's stock after purchasing an additional 8,635 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.14% of Red Violet worth $691,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Red Violet in the fourth quarter valued at approximately $88,000. Wells Fargo & Company MN raised its holdings in Red Violet by 58.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,688 shares of the company's stock valued at $206,000 after acquiring an additional 2,089 shares during the period. Franklin Resources Inc. purchased a new position in shares of Red Violet during the fourth quarter worth about $207,000. Hsbc Holdings PLC purchased a new stake in shares of Red Violet during the fourth quarter valued at approximately $215,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Red Violet during the fourth quarter valued at approximately $232,000. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Red Violet Trading Down 0.3%

NASDAQ:RDVT traded down $0.14 during trading hours on Wednesday, reaching $49.15. The company had a trading volume of 23,197 shares, compared to its average volume of 71,701. The firm's 50 day moving average price is $39.66 and its 200-day moving average price is $37.90. Red Violet, Inc. has a 52 week low of $19.76 and a 52 week high of $49.80. The firm has a market cap of $685.94 million, a price-to-earnings ratio of 136.86 and a beta of 1.69.

Insider Activity at Red Violet

In related news, Director Steven D. Rubin sold 10,000 shares of Red Violet 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 transaction, the director now owns 141,138 shares in the company, valued at approximately $5,494,502.34. This trade represents a 6.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey Alan Dell sold 5,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $46.20, for a total transaction of $231,000.00. Following the transaction, the insider now directly owns 172,968 shares of the company's stock, valued at $7,991,121.60. The trade was a 2.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $1,082,400 over the last 90 days. 9.50% of the stock is owned by corporate insiders.

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.