Red Violet (NASDAQ:RDVT) Stock Price Up 6.4% - Time to Buy?

Red Violet, Inc. (NASDAQ:RDVT - Get Free Report) shot up 6.4% during trading on Friday . The company traded as high as $49.96 and last traded at $51.02. 40,349 shares were traded during trading, a decline of 50% from the average session volume of 79,933 shares. The stock had previously closed at $47.96.

Red Violet Stock Performance

The company has a 50 day simple moving average of $45.76 and a two-hundred day simple moving average of $40.36. The company has a market cap of $686.83 million, a PE ratio of 80.89 and a beta of 1.77.

Insider Activity at Red Violet

In related news, insider Jeffrey Alan Dell sold 5,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 172,968 shares of the company's stock, valued at approximately $7,991,121.60. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Derek Dubner sold 10,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 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 disclosure for this sale can be found here. Company insiders own 8.90% of the company's stock.

Institutional Trading of Red Violet

A number of institutional investors have recently bought and sold shares of RDVT. Nisa Investment Advisors LLC raised its stake 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 worth $39,000 after purchasing an additional 1,000 shares in the last quarter. Quantbot Technologies LP bought a new position in Red Violet during the fourth quarter valued at approximately $88,000. AlphaQuest LLC acquired a new stake in Red Violet in the first quarter valued at approximately $129,000. GAMMA Investing LLC grew its position in Red Violet by 206,650.0% in the first quarter. GAMMA Investing LLC now owns 4,135 shares of the company's stock worth $155,000 after acquiring an additional 4,133 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Red Violet by 58.0% in the fourth 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. Institutional investors and hedge funds own 63.56% of the company's stock.

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.