Squarepoint Ops LLC Acquires 15,840 Shares of Red Violet, Inc. (NASDAQ:RDVT)

Squarepoint Ops LLC raised its stake in Red Violet, Inc. (NASDAQ:RDVT - Free Report) by 56.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,928 shares of the company's stock after buying an additional 15,840 shares during the quarter. Squarepoint Ops LLC owned 0.32% of Red Violet worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in RDVT. Quantbot Technologies LP acquired a new stake in shares of Red Violet during the fourth quarter worth about $88,000. Wells Fargo & Company MN raised its position 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 worth $206,000 after purchasing an additional 2,089 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Red Violet during the fourth quarter worth about $207,000. Hsbc Holdings PLC acquired a new stake in Red Violet in the 4th quarter valued at approximately $215,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Red Violet by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company's stock valued at $227,000 after buying an additional 259 shares during the last quarter. Institutional investors and hedge funds own 63.56% of the company's stock.

Insider Buying and Selling at Red Violet

In other news, CEO Derek Dubner sold 10,000 shares of the business'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 now owns 580,379 shares of the company's stock, valued at approximately $26,819,313.59. The trade was a 1.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey Alan Dell sold 5,000 shares of the business's stock in a transaction 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 now owns 172,968 shares in the company, valued at $7,991,121.60. This represents a 2.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $1,082,400 in the last three months. Corporate insiders own 9.50% of the company's stock.

Red Violet Price Performance

RDVT stock traded down $0.12 during mid-day trading on Friday, reaching $49.55. The company had a trading volume of 395,219 shares, compared to its average volume of 75,552. The stock has a 50 day simple moving average of $41.40 and a two-hundred day simple moving average of $38.79. The company has a market capitalization of $691.52 million, a price-to-earnings ratio of 137.64 and a beta of 1.69. Red Violet, Inc. has a 52 week low of $20.61 and a 52 week high of $51.10.

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.