Renaissance Technologies LLC grew its stake in shares of Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 581.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,450 shares of the company's stock after buying an additional 96,810 shares during the quarter. Renaissance Technologies LLC owned 0.80% of Red Violet worth $3,925,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its stake in Red Violet by 16.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 164,818 shares of the company's stock worth $5,703,000 after purchasing an additional 23,816 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in shares of Red Violet by 182.9% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 58,240 shares of the company's stock valued at $2,015,000 after purchasing an additional 37,653 shares during the last quarter. Ashford Capital Management Inc. increased its position in shares of Red Violet by 3.8% during the 4th quarter. Ashford Capital Management Inc. now owns 602,818 shares of the company's stock valued at $34,330,000 after purchasing an additional 22,110 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Red Violet by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 956,443 shares of the company's stock valued at $54,469,000 after buying an additional 23,736 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings in shares of Red Violet by 13.8% during the 1st quarter. Wasatch Advisors LP now owns 911,636 shares of the company's stock valued at $31,543,000 after buying an additional 110,421 shares in the last quarter. 63.56% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Red Violet in a research report on Wednesday. Zacks Research lowered Red Violet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Wall Street Zen cut Red Violet from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Finally, B. Riley Financial raised their price target on Red Violet from $65.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $71.50.
View Our Latest Stock Analysis on Red Violet
Red Violet Price Performance
NASDAQ:RDVT opened at $65.49 on Friday. Red Violet, Inc. has a one year low of $33.40 and a one year high of $71.19. The company's 50-day simple moving average is $61.83 and its 200 day simple moving average is $49.34. The firm has a market capitalization of $925.37 million, a P/E ratio of 68.22 and a beta of 1.83.
Red Violet (NASDAQ:RDVT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.14. Red Violet had a return on equity of 14.30% and a net margin of 14.99%.The firm had revenue of $25.83 million for the quarter, compared to the consensus estimate of $24.63 million. On average, equities research analysts expect that Red Violet, Inc. will post 1.06 earnings per share for the current fiscal year.
Insider Activity at Red Violet
In other news, insider Jeffrey Alan Dell sold 10,000 shares of the firm's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $57.44, for a total transaction of $574,400.00. Following the sale, the insider owned 155,889 shares of the company's stock, valued at $8,954,264.16. This trade represents a 6.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Derek Dubner sold 12,000 shares of the business's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $57.43, for a total transaction of $689,160.00. Following the transaction, the chief executive officer directly owned 557,273 shares of the company's stock, valued at $32,004,188.39. The trade was a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 46,000 shares of company stock worth $2,641,880. 8.90% of the stock is owned by insiders.
Red Violet Company Profile
(
Free Report)
Red Violet, Inc NASDAQ: RDVT is a provider of advanced data, analytics and technology solutions designed to help organizations mitigate financial crime, fraud and security risks. The company’s cloud-native platform consolidates and enriches data from proprietary, public and third-party sources, applying artificial intelligence and machine learning to deliver insights across the risk-management lifecycle. Red Violet’s suite of services includes behavior-based transaction monitoring, automated watchlist and negative-news screening, enhanced due diligence and real-time geospatial threat intelligence.
Leveraging proprietary algorithms, Red Violet offers products that enable compliance teams to streamline anti-money laundering processes, improve fraud detection and respond swiftly to emerging threats.
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