Craig Foster Acquires 3,850 Shares of Ondo InsurTech (LON:ONDO) Stock

Key Points

  • Insider purchase: Craig Foster bought 3,850 shares of Ondo on May 1 at GBX 4 per share, a total of £154.
  • Ondo shares were trading down about 7.7%, opening at GBX 3.56 and sitting well below their 50‑day (GBX 13.04) and 200‑day (GBX 19.78) moving averages; the company has a market cap of £5.33m and a negative P/E of -0.59.
  • Ondo develops LeakBot, a self‑install leak-detection claims-prevention product targeting water-damage claims, which account for roughly $17bn of home insurance claims annually in the US and UK.

Ondo InsurTech Plc (LON:ONDO - Get Free Report) insider Craig Foster purchased 3,850 shares of the stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of GBX 4 per share, with a total value of £154.

Ondo InsurTech Trading Down 7.7%

ONDO stock opened at GBX 3.56 on Thursday. The stock has a 50-day moving average price of GBX 13.04 and a two-hundred day moving average price of GBX 19.78. Ondo InsurTech Plc has a 12-month low of GBX 3.50 and a 12-month high of GBX 35. The company has a market cap of £5.33 million, a PE ratio of -0.59 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.

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