Cwm LLC Purchases 17,346 Shares of Red Violet, Inc. (NASDAQ:RDVT)

CWM LLC raised its position in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 5,900.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,640 shares of the company's stock after buying an additional 17,346 shares during the quarter. CWM LLC owned about 0.13% of Red Violet worth $663,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in Red Violet by 3,125.0% during the first quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company's stock worth $39,000 after acquiring an additional 1,000 shares during the period. Quantbot Technologies LP acquired a new position in Red Violet during the fourth quarter worth $88,000. GAMMA Investing LLC lifted its stake in shares of Red Violet by 206,650.0% in the 1st quarter. GAMMA Investing LLC now owns 4,135 shares of the company's stock valued at $155,000 after purchasing an additional 4,133 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Red Violet by 58.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,688 shares of the company's stock worth $206,000 after acquiring an additional 2,089 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Red Violet during the 4th quarter worth about $207,000. Hedge funds and other institutional investors own 63.56% of the company's stock.

Insider Activity at Red Violet

In related news, CEO Derek Dubner sold 10,000 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $46.21, for a total value of $462,100.00. Following the completion of the transaction, the chief executive officer owned 580,379 shares of the company's stock, valued at approximately $26,819,313.59. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 value of $231,000.00. Following the sale, the insider owned 172,968 shares in the company, valued at $7,991,121.60. The trade was a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by company insiders.

Red Violet Stock Down 1.3%

NASDAQ:RDVT traded down $0.57 during mid-day trading on Friday, reaching $44.46. 95,255 shares of the stock were exchanged, compared to its average volume of 104,368. Red Violet, Inc. has a 1 year low of $21.83 and a 1 year high of $52.24. The company has a 50 day simple moving average of $47.85 and a 200-day simple moving average of $41.60. The stock has a market capitalization of $620.48 million, a P/E ratio of 72.89 and a beta of 1.76.

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.