Insider Buying: Ondo InsurTech (LON:ONDO) Insider Buys 825 Shares of Stock

Key Points

  • Insider buying: Director Craig Foster purchased 825 shares on Jan 29 at GBX 18 (£148.50), after buying 681 shares on Dec 29 at GBX 22, signalling continued insider accumulation at recent low prices.
  • Shares opened at GBX 17.63 (down 2.1%), with the 50‑day and 200‑day moving averages at GBX 21.79 and GBX 27.10 respectively; the company has a market cap of £26.35m and a negative P/E of -2.92.
  • Ondo's core product is LeakBot, a patented self‑install leak‑detection system aimed at preventing costly home water‑damage claims, a segment that represents about $17bn in claims annually across the US and UK.

Ondo InsurTech Plc (LON:ONDO - Get Free Report) insider Craig Foster bought 825 shares of the business's stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of GBX 18 per share, with a total value of £148.50.

Craig Foster also recently made the following trade(s):

  • On Monday, December 29th, Craig Foster purchased 681 shares of Ondo InsurTech stock. The shares were acquired at an average cost of GBX 22 per share, for a total transaction of £149.82.

Ondo InsurTech Stock Down 2.1%

LON:ONDO opened at GBX 17.63 on Friday. The stock's 50 day moving average price is GBX 21.79 and its two-hundred day moving average price is GBX 27.10. The firm has a market capitalization of £26.35 million, a price-to-earnings ratio of -2.92 and a beta of 0.85. Ondo InsurTech Plc has a 12-month low of GBX 16 and a 12-month high of GBX 44.

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.

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




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