Insider Buying: Ondo InsurTech (LON:ONDO) Insider Purchases £59,971.47 in Stock

Ondo InsurTech Plc (LON:ONDO) insider Gregory (“Mark”) Mark Wood purchased 1,999,049 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was acquired at an average price of GBX 3 per share, for a total transaction of £59,971.47.

Ondo InsurTech Price Performance

ONDO stock opened at GBX 6.02 on Friday. The company has a fifty day moving average price of GBX 4.25 and a two-hundred day moving average price of GBX 12.09. Ondo InsurTech Plc has a one year low of GBX 2.80 and a one year high of GBX 35. The stock has a market cap of £9.02 million, a price-to-earnings ratio of -1.00 and a beta of 0.85.

Ondo InsurTech Company Profile

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.