Charles Schwab Investment Management Inc. Grows Position in Roadzen, Inc. (NASDAQ:RDZN)

Charles Schwab Investment Management Inc. boosted its position in shares of Roadzen, Inc. (NASDAQ:RDZN) by 159.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,672 shares of the company’s stock after buying an additional 55,759 shares during the period. Charles Schwab Investment Management Inc. owned 0.12% of Roadzen worth $198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDZN. SG Americas Securities LLC purchased a new stake in shares of Roadzen in the fourth quarter valued at about $34,000. Rhumbline Advisers increased its position in Roadzen by 49.8% in the 4th quarter. Rhumbline Advisers now owns 23,740 shares of the company’s stock valued at $52,000 after acquiring an additional 7,892 shares during the period. JPMorgan Chase & Co. increased its position in Roadzen by 124.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,108 shares of the company’s stock valued at $33,000 after acquiring an additional 15,588 shares during the period. Bank of New York Mellon Corp raised its stake in Roadzen by 39.2% during the 4th quarter. Bank of New York Mellon Corp now owns 36,554 shares of the company’s stock valued at $80,000 after acquiring an additional 10,295 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Roadzen by 24.3% during the 3rd quarter. Geode Capital Management LLC now owns 221,210 shares of the company’s stock worth $263,000 after acquiring an additional 43,235 shares during the period. Hedge funds and other institutional investors own 24.73% of the company’s stock.

Roadzen Trading Up 13.5 %

NASDAQ:RDZN opened at $1.18 on Wednesday. Roadzen, Inc. has a 12-month low of $0.71 and a 12-month high of $6.67. The stock’s 50 day simple moving average is $1.22 and its 200-day simple moving average is $1.31. The firm has a market cap of $87.55 million, a P/E ratio of -0.78 and a beta of 0.24.

Roadzen (NASDAQ:RDZN) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.04) earnings per share for the quarter.

About Roadzen

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.