Millennium Management LLC Has $735,000 Stock Position in Red Violet, Inc. (NASDAQ:RDVT)

Millennium Management LLC trimmed its stake in shares of Red Violet, Inc. (NASDAQ:RDVT) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,316 shares of the company’s stock after selling 1,687 shares during the quarter. Millennium Management LLC owned 0.15% of Red Violet worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in RDVT. Wasatch Advisors LP boosted its holdings in Red Violet by 23.7% during the fourth quarter. Wasatch Advisors LP now owns 676,399 shares of the company’s stock valued at $24,486,000 after purchasing an additional 129,519 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Red Violet by 98.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 131,988 shares of the company’s stock valued at $4,778,000 after purchasing an additional 65,561 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Red Violet by 39.7% in the fourth quarter. Russell Investments Group Ltd. now owns 100,244 shares of the company’s stock valued at $3,629,000 after acquiring an additional 28,500 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Red Violet by 89.7% in the fourth quarter. JPMorgan Chase & Co. now owns 59,269 shares of the company’s stock valued at $2,146,000 after acquiring an additional 28,026 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Red Violet in the fourth quarter valued at approximately $1,002,000. 63.56% of the stock is owned by institutional investors and hedge funds.

Red Violet Trading Down 1.5%

NASDAQ:RDVT opened at $45.64 on Friday. Red Violet, Inc. has a 1 year low of $20.61 and a 1 year high of $51.10. The firm has a 50 day moving average of $42.22 and a 200-day moving average of $39.20. The stock has a market capitalization of $636.95 million, a P/E ratio of 126.78 and a beta of 1.69.

Insider Activity

In other news, CEO Derek Dubner sold 10,000 shares of Red Violet stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $46.21, for a total value of $462,100.00. Following the completion of the transaction, the chief executive officer now owns 580,379 shares in the company, valued at approximately $26,819,313.59. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey Alan Dell sold 5,000 shares of Red Violet 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 completion of the transaction, the insider now owns 172,968 shares of the company’s stock, valued at $7,991,121.60. This trade represents a 2.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock worth $1,082,400. Insiders own 9.50% 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.