Red Violet (RDVT) Announces Earnings Results

Red Violet (NASDAQ:RDVT) released its quarterly earnings results on Wednesday. The company reported ($0.12) EPS for the quarter, Morningstar.com reports. The company had revenue of $4.36 million for the quarter.

Red Violet stock traded up $0.01 during trading hours on Friday, reaching $6.03. 7,117 shares of the stock were exchanged, compared to its average volume of 25,196. Red Violet has a twelve month low of $4.35 and a twelve month high of $46.40.

In other news, President James Patrick Reilly bought 4,500 shares of Red Violet stock in a transaction on Tuesday, September 11th. The stock was acquired at an average price of $6.60 per share, with a total value of $29,700.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Brauser bought 4,187 shares of Red Violet stock in a transaction on Monday, August 27th. The shares were purchased at an average cost of $7.63 per share, with a total value of $31,946.81. The disclosure for this purchase can be found here. Insiders have acquired 36,687 shares of company stock worth $243,187 in the last quarter.

An institutional investor recently bought a new position in Red Violet stock. BlackRock Inc. bought a new stake in shares of Red Violet Inc (NASDAQ:RDVT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 135,926 shares of the company’s stock, valued at approximately $830,000. BlackRock Inc. owned about 1.32% of Red Violet at the end of the most recent reporting period. Institutional investors own 5.98% of the company’s stock.

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Red Violet Company Profile

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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