Red Violet Inc (RDVT) Major Shareholder Buys $26,600.00 in Stock

Red Violet Inc (NASDAQ:RDVT) major shareholder Michael Brauser purchased 4,000 shares of Red Violet stock in a transaction on Tuesday, March 26th. The shares were acquired at an average cost of $6.65 per share, for a total transaction of $26,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Michael Brauser also recently made the following trade(s):

  • On Friday, March 29th, Michael Brauser purchased 6,500 shares of Red Violet stock. The shares were acquired at an average cost of $6.75 per share, for a total transaction of $43,875.00.
  • On Friday, March 22nd, Michael Brauser purchased 3,500 shares of Red Violet stock. The shares were acquired at an average cost of $6.52 per share, for a total transaction of $22,820.00.
  • On Wednesday, March 20th, Michael Brauser purchased 2,800 shares of Red Violet stock. The shares were acquired at an average cost of $6.86 per share, for a total transaction of $19,208.00.
  • On Wednesday, March 13th, Michael Brauser bought 4,949 shares of Red Violet stock. The shares were purchased at an average cost of $7.25 per share, for a total transaction of $35,880.25.
  • On Monday, March 11th, Michael Brauser bought 10,500 shares of Red Violet stock. The shares were purchased at an average cost of $7.05 per share, for a total transaction of $74,025.00.
  • On Thursday, March 7th, Michael Brauser bought 9,500 shares of Red Violet stock. The shares were purchased at an average cost of $7.19 per share, for a total transaction of $68,305.00.

Shares of NASDAQ RDVT traded up $0.03 during trading on Friday, reaching $7.28. 16,171 shares of the stock were exchanged, compared to its average volume of 25,664. Red Violet Inc has a twelve month low of $4.35 and a twelve month high of $11.15.

Red Violet (NASDAQ:RDVT) last posted its earnings results on Thursday, March 7th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.14). Red Violet had a negative return on equity of 17.92% and a negative net margin of 42.13%. The firm had revenue of $4.71 million for the quarter.

Several large investors have recently modified their holdings of RDVT. BlackRock Inc. bought a new stake in shares of Red Violet in the third quarter worth $162,000. Dimensional Fund Advisors LP bought a new stake in shares of Red Violet in the third quarter worth $350,000. Vanguard Group Inc bought a new stake in Red Violet during the third quarter valued at $1,077,000. Finally, Vanguard Group Inc. bought a new stake in Red Violet during the third quarter valued at $1,077,000. Institutional investors and hedge funds own 11.13% of the company’s stock.

Separately, ValuEngine cut shares of Red Violet from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th.

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About Red Violet

Red Violet, Inc, a software and services company, specializes in big data analysis providing cloud-based mission-critical information solutions to enterprises in various industries in the United States. Its proprietary platform includes CORE, a cloud-based technology platform, which serves various industries within risk management.

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