Price T Rowe Associates Inc. MD Makes New Investment in Roadzen, Inc. (NASDAQ:RDZN)

Price T Rowe Associates Inc. MD acquired a new position in shares of Roadzen, Inc. (NASDAQ:RDZN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,460 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in Roadzen during the 4th quarter worth about $54,000. Mariner LLC bought a new stake in Roadzen during the 4th quarter worth about $75,000. Barclays PLC grew its holdings in Roadzen by 186.4% during the 4th quarter. Barclays PLC now owns 57,026 shares of the company’s stock worth $124,000 after acquiring an additional 37,115 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Roadzen by 221.8% during the 4th quarter. Wells Fargo & Company MN now owns 21,856 shares of the company’s stock worth $48,000 after acquiring an additional 15,064 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Roadzen by 120.3% during the 4th quarter. Geode Capital Management LLC now owns 487,401 shares of the company’s stock worth $1,063,000 after acquiring an additional 266,191 shares during the last quarter. Institutional investors own 24.73% of the company’s stock.

Roadzen Stock Up 18.8%

Shares of NASDAQ:RDZN opened at $1.13 on Monday. Roadzen, Inc. has a 12 month low of $0.68 and a 12 month high of $4.00. The company’s 50-day moving average price is $1.01 and its two-hundred day moving average price is $1.29. The firm has a market cap of $83.95 million, a P/E ratio of -0.75 and a beta of 0.33.

Roadzen Company 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.