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Root, Inc. (NASDAQ:ROOT) has caught the attention of institutional investors who hold a sizeable 35% stake

By Yahoo! Finance   |   Jun 18, 2024 at 06:33 AM EST
Root, Inc. (NASDAQ:ROOT) has caught the attention of institutional investors who hold a sizeable 35% stake

Institutional ownership of Root, Inc. stock is high at around 35%, indicating significant influence over stock price. While institutional investors can bring credibility, caution is advised as they may sometimes make wrong decisions. Other stakeholders include Ribbit Management Company, LLC as the largest shareholder.

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