Insider Buying: Ondo InsurTech (LON:ONDO) Insider Purchases 681 Shares of Stock

Key Points

  • Kevin Withington, an insider at Ondo InsurTech, bought 681 shares on December 29 at an average price of GBX 22 (total ~£149.82); he also purchased 508 shares on October 31 at GBX 29.
  • Ondo's stock is trading near its lows — opened at GBX 21.50 with a 52-week low of GBX 20 and moving averages (50-day GBX 26.71, 200-day GBX 27.57) — and shows a negative P/E (-3.98)
  • Ondo develops LeakBot, a self-install leak-detection and claims-prevention device targeting water-damage claims, a market the article cites as worth about $17bn annually in the US and UK.

Ondo InsurTech Plc (LON:ONDO - Get Free Report) insider Kevin Withington acquired 681 shares of Ondo InsurTech stock in a transaction dated Monday, December 29th. The shares were purchased at an average cost of GBX 22 per share, with a total value of £149.82.

Kevin Withington also recently made the following trade(s):

  • On Friday, October 31st, Kevin Withington bought 508 shares of Ondo InsurTech stock. The stock was purchased at an average cost of GBX 29 per share, for a total transaction of £147.32.

Ondo InsurTech Stock Performance

LON ONDO opened at GBX 21.50 on Friday. Ondo InsurTech Plc has a 52 week low of GBX 20 and a 52 week high of GBX 44. The stock's 50 day moving average price is GBX 26.71 and its two-hundred day moving average price is GBX 27.57. The stock has a market capitalization of £29.89 million, a price-to-earnings ratio of -3.98 and a beta of 0.85.

About Ondo InsurTech

(Get Free Report)

Ondo is a world leading provider of claims prevention technology for home insurers. Ondo's focus is on the global scale-up of LeakBot - claims prevention technology that prevents water damage claims in houses. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to 'find and fix' the problem.

Further Reading

Insider Buying and Selling by Quarter for Ondo InsurTech (LON:ONDO)




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