45,167 Shares in Roadzen, Inc. (NASDAQ:RDZN) Purchased by Murchinson Ltd.

Murchinson Ltd. acquired a new stake in shares of Roadzen, Inc. (NASDAQ:RDZN) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 45,167 shares of the company’s stock, valued at approximately $100,000. Murchinson Ltd. owned approximately 0.07% of Roadzen at the end of the most recent quarter.

Separately, Rhumbline Advisers purchased a new stake in shares of Roadzen in the second quarter valued at approximately $39,000. 24.73% of the stock is owned by institutional investors and hedge funds.

Roadzen Price Performance

NASDAQ RDZN opened at $1.27 on Friday. The stock’s fifty day moving average is $1.59 and its two-hundred day moving average is $3.16. Roadzen, Inc. has a fifty-two week low of $1.20 and a fifty-two week high of $7.17.

Roadzen (NASDAQ:RDZN) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.46) earnings per share for the quarter. Roadzen had a negative net margin of 287.82% and a negative return on equity of 31,166.20%. The firm had revenue of $8.93 million for the quarter.

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.