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

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

Several other hedge funds have also recently added to or reduced their stakes in RDZN. Sheets Smith Wealth Management acquired a new stake in shares of Roadzen in the 4th quarter valued at approximately $959,000. Cannell & Spears LLC acquired a new stake in Roadzen in the fourth quarter worth $327,000. JPMorgan Chase & Co. boosted its position in shares of Roadzen by 392.2% during the fourth quarter. JPMorgan Chase & Co. now owns 138,352 shares of the company's stock worth $302,000 after purchasing an additional 110,244 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Roadzen by 159.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 90,672 shares of the company's stock worth $198,000 after purchasing an additional 55,759 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Roadzen by 39.2% in the 4th quarter. Bank of New York Mellon Corp now owns 36,554 shares of the company's stock valued at $80,000 after buying an additional 10,295 shares during the period. Institutional investors and hedge funds own 24.73% of the company's stock.

Roadzen Stock Down 1.5 %

Roadzen stock traded down $0.01 during mid-day trading on Tuesday, hitting $0.77. 196,499 shares of the company's stock were exchanged, compared to its average volume of 742,078. The company's 50 day simple moving average is $1.05 and its 200-day simple moving average is $1.29. The firm has a market capitalization of $56.83 million, a P/E ratio of -0.51 and a beta of 0.33. Roadzen, Inc. has a fifty-two week low of $0.71 and a fifty-two week high of $4.11.

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

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.