Cannell & Spears LLC bought a new stake in Roadzen, Inc. (NASDAQ:RDZN – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 150,000 shares of the company’s stock, valued at approximately $327,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Roadzen by 124.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,108 shares of the company’s stock valued at $33,000 after purchasing an additional 15,588 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Roadzen in the 4th quarter worth $34,000. Corebridge Financial Inc. boosted its holdings in Roadzen by 132.0% in the fourth quarter. Corebridge Financial Inc. now owns 18,769 shares of the company’s stock valued at $41,000 after acquiring an additional 10,680 shares during the last quarter. Rhumbline Advisers boosted its holdings in Roadzen by 49.8% in the fourth quarter. Rhumbline Advisers now owns 23,740 shares of the company’s stock valued at $52,000 after acquiring an additional 7,892 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Roadzen by 39.2% during the fourth quarter. Bank of New York Mellon Corp now owns 36,554 shares of the company’s stock valued at $80,000 after acquiring an additional 10,295 shares during the period. Institutional investors and hedge funds own 24.73% of the company’s stock.
Roadzen Price Performance
Roadzen stock opened at $1.18 on Wednesday. The company has a market cap of $87.55 million, a price-to-earnings ratio of -0.78 and a beta of 0.24. Roadzen, Inc. has a 12 month low of $0.71 and a 12 month high of $6.67. The stock’s 50-day moving average is $1.22 and its 200-day moving average is $1.31.
About Roadzen
Roadzen, Inc, an insurtech company, provides various insurance products in the United States and internationally. It offers insurance as a service platform, including Via, which enables fleets, carmakers, and insurers to inspect a vehicle using computer vision; Global Distribution Network that enables the configuration, customer quote, payment, and administration of any insurance policy with any insurance carrier as the underwriter; xClaim, which enables digital, touchless, and real-time resolution of claims; StrandD, a digital, real-time dispatch, and tracking for roadside assistance and first notice of loss during accident claims; Good Driving that enables insurers and fleets to recognize drivers, train drivers, and build usage based insurance programs; and Drivebuddy AI, which provides driver-assistance capabilities.
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