Cwm LLC Sells 13,554 Shares of Red Violet, Inc. $RDVT

Cwm LLC lessened its stake in shares of Red Violet, Inc. (NASDAQ:RDVT) by 76.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,086 shares of the company’s stock after selling 13,554 shares during the quarter. Cwm LLC’s holdings in Red Violet were worth $201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of RDVT. Pembroke Management LTD boosted its position in Red Violet by 740.2% during the 1st quarter. Pembroke Management LTD now owns 252,503 shares of the company’s stock valued at $9,492,000 after acquiring an additional 222,451 shares in the last quarter. New York State Common Retirement Fund boosted its position in Red Violet by 2,428.0% during the 1st quarter. New York State Common Retirement Fund now owns 106,024 shares of the company’s stock valued at $3,985,000 after acquiring an additional 101,830 shares in the last quarter. AQR Capital Management LLC bought a new stake in Red Violet during the 1st quarter valued at $3,826,000. Invesco Ltd. boosted its position in Red Violet by 930.3% during the 1st quarter. Invesco Ltd. now owns 70,259 shares of the company’s stock valued at $2,641,000 after acquiring an additional 63,440 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Red Violet by 52.0% during the 1st quarter. Russell Investments Group Ltd. now owns 152,374 shares of the company’s stock valued at $5,728,000 after acquiring an additional 52,130 shares in the last quarter. Institutional investors own 63.56% of the company’s stock.

Red Violet Stock Performance

RDVT stock opened at $53.06 on Wednesday. The firm has a market cap of $741.78 million, a PE ratio of 88.43 and a beta of 1.70. The firm’s 50 day moving average price is $50.87 and its 200-day moving average price is $47.04. Red Violet, Inc. has a one year low of $28.50 and a one year high of $55.45.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RDVT shares. Lake Street Capital started coverage on Red Violet in a research report on Monday, August 4th. They issued a “buy” rating and a $60.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Red Violet in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Red Violet from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Red Violet presently has an average rating of “Moderate Buy” and an average target price of $60.00.

Red Violet 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.