Rohan Malhotra Buys 19,085 Shares of Roadzen (NASDAQ:RDZN) Stock

Roadzen Inc. (NASDAQ:RDZN) insider Rohan Malhotra bought 19,085 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were purchased at an average cost of $1.37 per share, with a total value of $26,146.45. Following the acquisition, the insider directly owned 849,642 shares of the company’s stock, valued at approximately $1,164,009.54. This represents a 2.30% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rohan Malhotra also recently made the following trade(s):

• On Thursday, December 4th, Rohan Malhotra purchased 10,000 shares of Roadzen stock. The stock was acquired at an average price of $1.71 per share, for a total transaction of $17,100.00.

Roadzen Stock Performance

NASDAQ:RDZN opened at $1.31 on Thursday. Roadzen Inc. has a 52 week low of $0.68 and a 52 week high of $2.56. The firm’s 50-day simple moving average is $1.74 and its 200 day simple moving average is $1.46. The firm has a market cap of $104.41 million, a price-to-earnings ratio of -6.55 and a beta of 0.46.

Roadzen (NASDAQ:RDZN) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $14.36 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RDZN. Bank of America Corp DE raised its position in Roadzen by 263.3% during the fourth quarter. Bank of America Corp DE now owns 30,238 shares of the company’s stock valued at $66,000 after purchasing an additional 21,915 shares in the last quarter. AQR Capital Management LLC increased 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 valued at $42,000 after purchasing an additional 13,830 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Roadzen by 26.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 144,213 shares of the company’s stock worth $150,000 after buying an additional 30,305 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Roadzen during the 2nd quarter worth $159,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Roadzen during the 2nd quarter worth $171,000. 24.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RDZN has been the topic of a number of recent research reports. Wall Street Zen lowered Roadzen from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roadzen in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Roadzen Company Profile

Roadzen (NASDAQ:RDZN) is a global technology provider specializing in AI-driven telematics, data analytics and risk management solutions for the automotive and insurance industries. The company’s core offerings include usage-based insurance (UBI) platforms, driver behavior analytics tools and predictive risk modeling services. By leveraging machine learning algorithms, telematics data and mobile connectivity, Roadzen enables insurers and fleet operators to optimize underwriting processes and enhance policyholder engagement through personalized pricing and proactive risk mitigation.

Founded in 2015 and headquartered in Singapore, Roadzen has established regional operations and development centers in India and other key markets across Asia-Pacific and Latin America.