Roadzen Inc. $RDZN Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its holdings in Roadzen Inc. (NASDAQ:RDZN) by 26.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,213 shares of the company’s stock after purchasing an additional 30,305 shares during the period. Goldman Sachs Group Inc. owned about 0.19% of Roadzen worth $150,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Roadzen by 150.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,848 shares of the company’s stock worth $45,000 after purchasing an additional 12,530 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Roadzen by 51.7% in the 1st quarter. AQR Capital Management LLC now owns 40,559 shares of the company’s stock worth $42,000 after purchasing an additional 13,830 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Roadzen in the 4th quarter worth approximately $39,000. Bank of New York Mellon Corp grew its stake in shares of Roadzen by 57.2% in the 1st quarter. Bank of New York Mellon Corp now owns 57,456 shares of the company’s stock worth $60,000 after purchasing an additional 20,902 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Roadzen by 263.3% in the 4th quarter. Bank of America Corp DE now owns 30,238 shares of the company’s stock worth $66,000 after purchasing an additional 21,915 shares during the last quarter. Institutional investors and hedge funds own 24.73% of the company’s stock.

Roadzen Price Performance

Shares of RDZN opened at $0.83 on Tuesday. The firm’s 50 day moving average is $1.05 and its 200-day moving average is $1.03. The stock has a market capitalization of $63.29 million, a P/E ratio of -0.55 and a beta of 0.37. Roadzen Inc. has a 12-month low of $0.68 and a 12-month high of $2.99.

Roadzen (NASDAQ:RDZN) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $10.87 million for the quarter, compared to the consensus estimate of $11.41 million.

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.