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

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

A number of other hedge funds have also bought and sold shares of RDVT. Nisa Investment Advisors LLC grew its position in shares of Red Violet by 3,125.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company's stock valued at $39,000 after purchasing an additional 1,000 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Red Violet during the 4th quarter valued at $88,000. GAMMA Investing LLC grew its position in shares of Red Violet by 206,650.0% during 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 in the last quarter. Wells Fargo & Company MN grew its position in shares of 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 purchasing an additional 2,089 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of Red Violet during the 4th quarter valued at $207,000. 63.56% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jeffrey Alan Dell sold 5,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $46.20, for a total transaction of $231,000.00. Following the completion of the transaction, the insider directly owned 172,968 shares in the company, valued at $7,991,121.60. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Derek Dubner sold 10,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $46.21, for a total transaction 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 $26,819,313.59. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by insiders.

Red Violet Trading Down 1.3%

Shares of RDVT traded down $0.57 during mid-day trading on Friday, reaching $44.46. 95,255 shares of the stock traded hands, compared to its average volume of 88,605. The firm has a fifty day moving average price of $47.76 and a 200 day moving average price of $41.70. The company has a market cap of $620.66 million, a price-to-earnings ratio of 72.89 and a beta of 1.76. Red Violet, Inc. has a 1 year low of $21.83 and a 1 year high of $52.24.

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.