Red Violet, Inc. $RDVT Shares Purchased by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC raised its stake in Red Violet, Inc. (NASDAQ:RDVT) by 49.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,870 shares of the company’s stock after buying an additional 13,870 shares during the period. Evernest Financial Advisors LLC owned approximately 0.30% of Red Violet worth $1,568,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State of Wyoming raised its position in shares of Red Violet by 5.4% during the fourth quarter. State of Wyoming now owns 5,430 shares of the company’s stock worth $309,000 after purchasing an additional 279 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 valued at $248,000 after purchasing an additional 312 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Red Violet by 145.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 567 shares of the company’s stock valued at $32,000 after purchasing an additional 336 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Red Violet by 414.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 468 shares of the company’s stock valued at $27,000 after purchasing an additional 377 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Red Violet by 4.9% in the 4th quarter. Deutsche Bank AG now owns 9,116 shares of the company’s stock valued at $519,000 after purchasing an additional 426 shares during the period. Institutional investors and hedge funds own 63.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RDVT shares. Zacks Research downgraded Red Violet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Red Violet from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Red Violet in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Insider Activity at Red Violet

In related news, CEO Derek Dubner sold 12,000 shares of the firm’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 completion of the sale, the chief executive officer directly owned 557,273 shares in the company, valued at approximately $32,004,188.39. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Daniel Maclachlan sold 12,000 shares of the company’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 completion of the transaction, the chief financial officer owned 358,902 shares in the company, valued at approximately $20,611,741.86. This represents a 3.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 46,000 shares of company stock valued at $2,641,880 over the last ninety days. 8.90% of the stock is owned by company insiders.

Red Violet Trading Up 1.3%

NASDAQ:RDVT opened at $68.45 on Tuesday. The business’s fifty day moving average price is $55.28 and its 200 day moving average price is $47.68. The firm has a market capitalization of $965.83 million, a price-to-earnings ratio of 71.30 and a beta of 1.83. Red Violet, Inc. has a 1-year low of $33.40 and a 1-year high of $69.59.

Red Violet (NASDAQ:RDVT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.46 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $24.63 million. Equities analysts forecast that Red Violet, Inc. will post 1.06 earnings per share for the current year.

Red Violet Profile

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.