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Steven D. Rubin, a director at Red Violet , Inc. (NASDAQ:RDVT), has sold 10,000 shares of the company’s common stock, according to a recent SEC filing. The shares were sold on March 19 at a weighted average price of $38.93 per share, yielding a total transaction value of approximately $389,300. The transaction comes as Red Violet, a $542 million market cap company, has delivered impressive returns of 116% over the past year, supported by strong gross margins of 81%. Following this sale, Rubin retains ownership of 141,138 shares, which includes various Restricted Stock Units (RSUs) with different vesting schedules. According to InvestingPro analysis, Red Violet is currently trading above its Fair Value, with a high P/E ratio of 76x. InvestingPro subscribers can access 13 additional key insights and a comprehensive Pro Research Report covering insider trading patterns and valuation metrics.
In other recent news, Red Violet Inc. reported its fourth-quarter 2024 earnings, showcasing a notable revenue increase that exceeded market expectations. The company achieved $19.6 million in revenue, surpassing the forecasted $17.36 million, marking a 30% year-over-year growth. However, the earnings per share (EPS) of $0.06 fell short of the anticipated $0.08. Despite the mixed financial results, Red Violet’s annual revenue reached a record $75.2 million, reflecting a 25% increase from the previous year. The company also reported an impressive 143% increase in free cash flow, amounting to $14.4 million for the year.
Red Violet continues to focus on AI-driven product innovations and market expansion, which have contributed to its robust revenue figures. The company’s strategic initiatives and strong revenue growth position it well for future success, despite challenges such as potential cost management issues affecting EPS. The firm maintains a positive outlook for 2025, anticipating continued revenue growth of 25-26%. Additionally, Red Violet plans to maintain EBITDA margins around 30-31%, with a long-term goal of achieving a 40% EBITDA margin at the $100 million revenue mark.
Analyst firms have not provided any recent upgrades or downgrades for Red Violet. However, the company’s strategic focus on expanding its mobile app capabilities and developing new AI-driven features has been highlighted as a key factor in its financial performance. The company remains committed to investing in AI, product development, and go-to-market strategies, aiming to enhance its competitive edge in the data analytics space.
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