Red Violet (NASDAQ:RDVT) President James Patrick Reilly Sells 1,711 Shares

Red Violet (NASDAQ:RDVT) President James Patrick Reilly sold 1,711 shares at $56.95 each, totaling $97,441.45. This sale reduced his ownership by 0.74%, leaving him with 231,078 shares. Reilly sold 15,000 shares between Nov 10-13 for about $868,000. Red Violet beat quarterly estimates with EPS of $0.39 and $23.08M revenue. Analysts raised ratings with a consensus 'Moderate Buy' and a $62 target. The stock's market cap is $806.77M, with a P/E ratio of 75.00 and a beta of 1.76.

Key Points

15,000 shares were sold by Red Violet President James Patrick Reilly across Nov 10–13 for roughly $868,000, with the Nov 11 sale (2,184 shares at $57.81) noted as a ~0.91% drop in his stake; he still owns 236,888 shares (~$13.7M).
Red Violet beat quarterly estimates with EPS $0.39 vs. $0.32 and $23.08M revenue, and analysts have raised ratings/targets (consensus "Moderate Buy" and average target $62).

Red Violet, Inc. (NASDAQ:RDVT - Get Free Report) President James Patrick Reilly sold 1,711 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $56.95, for a total value of $97,441.45. Following the completion of the sale, the president directly owned 231,078 shares of the company's stock, valued at $13,159,892.10. The trade was a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

James Patrick Reilly also recently made the following trade(s):

On Wednesday, November 12th, James Patrick Reilly sold 4,099 shares of Red Violet stock. The stock was sold at an average price of $57.85, for a total value of $237,127.15.
On Tuesday, November 11th, James Patrick Reilly sold 2,184 shares of Red Violet stock. The shares were sold at an average price of $57.81, for a total value of $126,257.04.
On Monday, November 10th, James Patrick Reilly sold 7,006 shares of Red Violet stock. The stock was sold at an average price of $58.11, for a total value of $407,118.66.

Red Violet Price Performance

NASDAQ:RDVT traded up $0.24 during trading hours on Friday, reaching $57.75. 21,021 shares of the company traded hands, compared to its average volume of 97,582. The firm's 50-day moving average is $52.56 and its 200-day moving average is $48.52. The stock has a market cap of $806.77 million, a P/E ratio of 75.00 and a beta of 1.76. Red Violet, Inc. has a 1-year low of $32.23 and a 1-year high of $64.14.

Red Violet (NASDAQ:RDVT - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. Red Violet had a net margin of 12.96% and a return on equity of 12.26%. The business had revenue of $23.08 million for the quarter, compared to analysts' expectations of $22.64 million. As a group, research analysts predict that Red Violet, Inc. will post 0.51 earnings per share for the current year.

Institutional Investors Weigh In On Red Violet

Several institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Red Violet by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,586 shares of the company's stock worth $248,000 after buying an additional 312 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Red Violet by 0.8% during the 2nd quarter. Prudential Financial Inc. now owns 39,407 shares of the company's stock worth $1,939,000 after acquiring an additional 332 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Red Violet by 2.5% during the 1st quarter. Rhumbline Advisers now owns 16,304 shares of the company's stock valued at $613,000 after acquiring an additional 393 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Red Violet in the 2nd quarter valued at approximately $25,000. Finally, Osaic Holdings Inc. boosted its position in Red Violet by 12.5% during the second quarter. Osaic Holdings Inc. now owns 4,486 shares of the company's stock worth $221,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 63.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RDVT shares. B. Riley raised their target price on Red Violet from $52.00 to $62.00 and gave the company a "buy" rating in a research note on Friday, October 31st. Lake Street Capital reaffirmed a "buy" rating and issued a $62.00 price objective on shares of Red Violet in a research note on Thursday, November 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Red Violet in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Red Violet from a "hold" rating to a "strong-buy" rating in a research report on Sunday, November 9th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.00.

View Our Latest Research Report on RDVT

Red Violet Company Profile

(Get Free Report)

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.