Murchinson Ltd. Buys New Position in Roadzen, Inc. (NASDAQ:RDZN)

Murchinson Ltd. purchased a new stake in Roadzen, Inc. (NASDAQ:RDZN) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 45,167 shares of the company’s stock, valued at approximately $100,000. Murchinson Ltd. owned approximately 0.07% of Roadzen as of its most recent SEC filing.

Separately, Rhumbline Advisers bought a new stake in shares of Roadzen during the 2nd quarter valued at about $39,000. 24.73% of the stock is owned by hedge funds and other institutional investors.

Roadzen Trading Up 1.5 %

Shares of NASDAQ RDZN opened at $1.35 on Tuesday. Roadzen, Inc. has a 1 year low of $1.20 and a 1 year high of $7.17. The company’s 50-day moving average is $1.66 and its 200 day moving average is $3.28.

Roadzen (NASDAQ:RDZN) last announced its earnings results on Tuesday, August 13th. The company reported ($0.46) earnings per share (EPS) for the quarter. The firm had revenue of $8.93 million during the quarter. Roadzen had a negative return on equity of 31,166.20% and a negative net margin of 287.82%.

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.