Roadzen (NASDAQ:RDZN) Insider Buys $26,146.45 in Stock

Roadzen Inc. (NASDAQ:RDZN) insider Rohan Malhotra acquired 19,085 shares of Roadzen stock in a transaction on Monday, March 2nd. The shares were purchased at an average price of $1.37 per share, for a total transaction of $26,146.45. Following the completion of the acquisition, the insider directly owned 849,642 shares in the company, valued at $1,164,009.54. This trade represents a 2.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Roadzen Trading Up 0.8%

RDZN opened at $1.32 on Friday. The company has a market capitalization of $105.20 million, a price-to-earnings ratio of -6.60 and a beta of 0.46. Roadzen Inc. has a 12-month low of $0.68 and a 12-month high of $2.56. The business’s fifty day simple moving average is $1.73 and its 200-day simple moving average is $1.46.

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

Institutional Investors Weigh In On Roadzen

Institutional investors have recently added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp purchased a new stake in shares of Roadzen during the fourth quarter worth about $112,000. Hudson Bay Capital Management LP acquired a new stake in Roadzen in the 4th quarter worth approximately $109,000. Jane Street Group LLC acquired a new stake in Roadzen in the 4th quarter worth approximately $102,000. Goldman Sachs Group Inc. grew its position in Roadzen by 43.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 176,026 shares of the company’s stock worth $424,000 after purchasing an additional 53,694 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Roadzen during the 2nd quarter valued at approximately $78,000. Institutional investors and hedge funds own 24.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Roadzen from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Roadzen in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Roadzen

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.