Geode Capital Management LLC Has $1.06 Million Holdings in Roadzen, Inc. (NASDAQ:RDZN)

Geode Capital Management LLC increased its stake in Roadzen, Inc. (NASDAQ:RDZN - Free Report) by 120.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 487,401 shares of the company's stock after purchasing an additional 266,191 shares during the period. Geode Capital Management LLC owned 0.66% of Roadzen worth $1,063,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Sheets Smith Wealth Management bought a new stake in shares of Roadzen during the fourth quarter worth $959,000. JPMorgan Chase & Co. lifted its position in Roadzen by 124.5% during 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 period. Charles Schwab Investment Management Inc. boosted its stake in shares of Roadzen by 159.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 90,672 shares of the company's stock valued at $198,000 after purchasing an additional 55,759 shares during the last quarter. Corebridge Financial Inc. grew its position in shares of Roadzen by 132.0% during the 4th quarter. Corebridge Financial Inc. now owns 18,769 shares of the company's stock worth $41,000 after buying an additional 10,680 shares during the period. Finally, Cannell & Spears LLC acquired a new position in Roadzen in the fourth quarter valued at approximately $327,000. Institutional investors and hedge funds own 24.73% of the company's stock.

Roadzen Stock Down 5.7 %

RDZN stock traded down $0.05 during midday trading on Friday, reaching $0.88. The company's stock had a trading volume of 119,998 shares, compared to its average volume of 739,761. The business's 50-day simple moving average is $1.06 and its 200-day simple moving average is $1.29. Roadzen, Inc. has a 52 week low of $0.71 and a 52 week high of $4.50. The stock has a market cap of $65.35 million, a PE ratio of -0.58 and a beta of 0.32.

Roadzen (NASDAQ:RDZN - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.04) EPS for the quarter.

Roadzen Profile

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.