Zimmer Partners LP bought a new position in Cloopen Group Holding Limited (NYSE:RAAS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 50,000 shares of the company’s stock, valued at approximately $687,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. TB Alternative Assets Ltd. purchased a new position in shares of Cloopen Group in the 1st quarter worth $264,279,000. Barings LLC purchased a new position in shares of Cloopen Group in the 1st quarter worth $10,676,000. Ghisallo Capital Management LLC purchased a new position in shares of Cloopen Group in the 1st quarter worth $3,445,000. Matthews International Capital Management LLC purchased a new position in shares of Cloopen Group in the 1st quarter worth $13,852,000. Finally, D1 Capital Partners L.P. purchased a new position in shares of Cloopen Group in the 1st quarter worth $7,895,000. 20.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of RAAS traded up $0.06 during trading hours on Thursday, hitting $5.81. The stock had a trading volume of 629,326 shares, compared to its average volume of 719,058. The stock has a fifty day simple moving average of $8.22. Cloopen Group Holding Limited has a 12-month low of $5.32 and a 12-month 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.
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