Cutter & CO Brokerage Inc. purchased a new position in Roadzen Inc. (NASDAQ:RDZN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 276,200 shares of the company's stock, valued at approximately $287,000. Cutter & CO Brokerage Inc. owned about 0.37% of Roadzen at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in RDZN. Geode Capital Management LLC boosted its position in shares of Roadzen by 120.3% in the 4th quarter. Geode Capital Management LLC now owns 487,401 shares of the company's stock valued at $1,063,000 after purchasing an additional 266,191 shares during the period. Northern Trust Corp boosted its holdings in shares of Roadzen by 132.2% during the fourth quarter. Northern Trust Corp now owns 221,184 shares of the company's stock worth $482,000 after purchasing an additional 125,933 shares during the last quarter. Cannell & Spears LLC acquired a new stake in shares of Roadzen during the fourth quarter worth $327,000. JPMorgan Chase & Co. boosted its holdings in Roadzen by 392.2% in the fourth quarter. JPMorgan Chase & Co. now owns 138,352 shares of the company's stock valued at $302,000 after acquiring an additional 110,244 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Roadzen by 159.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 90,672 shares of the company's stock valued at $198,000 after acquiring an additional 55,759 shares during the last quarter. Hedge funds and other institutional investors own 24.73% of the company's stock.
Roadzen Trading Up 3.3%
NASDAQ:RDZN traded up $0.04 during mid-day trading on Friday, hitting $1.09. The company had a trading volume of 124,959 shares, compared to its average volume of 322,213. Roadzen Inc. has a 1 year low of $0.68 and a 1 year high of $2.99. The firm has a market capitalization of $80.60 million, a price-to-earnings ratio of -0.72 and a beta of 0.35. The business has a fifty day simple moving average of $1.01 and a 200-day simple moving average of $1.18.
Roadzen Company Profile
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Free Report)
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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