Key Points
- Insider Rohan Malhotra bought 10,000 shares on December 4 at an average price of $1.71 ($17,100), increasing his stake to 829,837 shares (a 1.22% boost); he also purchased 12,000 shares on November 21 at $1.43.
- Roadzen stock opened at $1.65, has a market cap of about $130.7M, a negative P/E (-13.75) and a 52‑week range of $0.68–$2.99; the company topped recent EPS and revenue estimates but the consensus analyst rating remains a Sell.
Roadzen Inc. (NASDAQ:RDZN - Get Free Report) insider Rohan Malhotra purchased 10,000 shares of the firm's stock in a transaction dated Thursday, December 4th. The stock was acquired at an average price of $1.71 per share, for a total transaction of $17,100.00. Following the purchase, the insider owned 829,837 shares in the company, valued at approximately $1,419,021.27. The trade was a 1.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Rohan Malhotra also recently made the following trade(s):
- On Friday, November 21st, Rohan Malhotra bought 12,000 shares of Roadzen stock. The shares were acquired at an average cost of $1.43 per share, for a total transaction of $17,160.00.
Roadzen Stock Performance
Shares of NASDAQ RDZN opened at $1.65 on Friday. The firm has a 50 day moving average price of $1.40 and a two-hundred day moving average price of $1.16. The stock has a market cap of $130.66 million, a P/E ratio of -13.75 and a beta of 0.46. Roadzen Inc. has a 52-week low of $0.68 and a 52-week high of $2.99.
Roadzen (NASDAQ:RDZN - Get Free Report) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business had revenue of $13.68 million during the quarter, compared to the consensus estimate of $12.00 million.
Institutional Trading of Roadzen
Several hedge funds have recently modified their holdings of RDZN. Qube Research & Technologies Ltd bought a new position in shares of Roadzen in the 2nd quarter worth $78,000. Marshall Wace LLP acquired a new position in Roadzen during the second quarter worth $144,000. Prospera Financial Services Inc bought a new position in shares of Roadzen in the second quarter valued at $171,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Roadzen during the second quarter valued at about $159,000. Finally, Ground Swell Capital LLC bought a new stake in shares of Roadzen during the second quarter worth about $26,000. Institutional investors own 24.73% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Roadzen in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of "Sell".
Read Our Latest Analysis on RDZN
Roadzen Company Profile
(
Get Free Report)
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.
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