Red Violet (RDVT) – Next (Profitable!) Palantir in the making?


Red Violet Inc (RDVT) just reported their 2021 Q4 earnings which were a blowout for the company(11.3m) and are guiding for 30% YOY for the next 3 years, which would put it at 100m/annual revenue in year 3. They operate in the same space as Palantir (data analytics, surveillance, and business intelligence in primarily the real estate space) with their own proprietary tech. They have high insider and institutional holdings that make it a safe bet going forward AND ARE PROFITABLE(!!!). Their volume is absurdly low for a company like this and the last time they had an offering was November 2021 at a sale price of $38 a share. In my opinion, the company should be trading in the mid-40s with their high, but realistic, growth projections and overall profitability. I’m in for 200 shares over the long-term.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *