Red Violet, Inc. (NASDAQ:RDVT) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC reduced its position in Red Violet, Inc. (NASDAQ:RDVT) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,097 shares of the company’s stock after selling 8,182 shares during the period. Essex Investment Management Co. LLC owned approximately 0.44% of Red Violet worth $2,176,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RDVT. Janus Henderson Group PLC raised its holdings in Red Violet by 4.3% in the third quarter. Janus Henderson Group PLC now owns 24,305 shares of the company’s stock valued at $691,000 after buying an additional 992 shares during the period. SG Americas Securities LLC raised its stake in shares of Red Violet by 14.3% in the 4th quarter. SG Americas Securities LLC now owns 7,990 shares of the company’s stock valued at $289,000 after acquiring an additional 998 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Red Violet by 3.2% during the 4th quarter. Bank of New York Mellon Corp now owns 34,105 shares of the company’s stock valued at $1,235,000 after acquiring an additional 1,068 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Red Violet by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,083 shares of the company’s stock worth $1,161,000 after purchasing an additional 1,181 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Red Violet by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 256,418 shares of the company’s stock valued at $7,297,000 after purchasing an additional 3,009 shares in the last quarter. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Red Violet Price Performance

NASDAQ:RDVT opened at $35.95 on Monday. The business’s 50-day moving average is $37.50 and its two-hundred day moving average is $33.91. The firm has a market capitalization of $501.11 million, a PE ratio of 99.86 and a beta of 1.63. Red Violet, Inc. has a 12 month low of $16.56 and a 12 month high of $43.44.

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.