Zimmer Partners LP acquired a new stake in Cloopen Group Holding Limited (NYSE:RAAS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 50,000 shares of the company’s stock, valued at approximately $687,000.
Several other hedge funds have also recently bought and sold shares of RAAS. Davidson Kempner Capital Management LP acquired a new position in Cloopen Group during the 1st quarter worth $137,000. Rokos Capital Management LLP acquired a new position in Cloopen Group during the 1st quarter worth $206,000. Laurion Capital Management LP acquired a new position in Cloopen Group during the 1st quarter worth $206,000. D. E. Shaw & Co. Inc. acquired a new position in Cloopen Group during the 1st quarter worth $377,000. Finally, BlackRock Inc. acquired a new position in Cloopen Group during the 1st quarter worth $468,000. Hedge funds and other institutional investors own 20.30% of the company’s stock.
Shares of NYSE:RAAS traded up $0.06 on Thursday, hitting $5.81. 629,326 shares of the company’s stock were exchanged, compared to its average volume of 719,058. The stock’s 50-day moving average is $8.22. Cloopen Group Holding Limited has a 1-year low of $5.32 and a 1-year high of $59.00.
About Cloopen Group
Cloopen Group Holding Limited, through its subsidiaries, provides cloud-based communications solutions in the People's Republic of China. The company offers a suite of cloud-based communications solutions, which include communications platform as a service solution that provides application programing interfaces and software development kits to embed messaging, voice call, audio and video, instant messaging, and other communications into enterprises' applications, services, and/or business processes; cloud-based contact centers, which offers RongCC and 7moor Cloud solutions; and cloud-based unified communications and collaborations, such as RongVideo that provides instant messaging, audio and video conferencing, and telephony solutions.
Further Reading: After-Hours Trading
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