Insider Buying: Ondo InsurTech (LON:ONDO) Insider Buys 492 Shares of Stock

Ondo InsurTech Plc (LON:ONDO) insider Kevin Withington bought 492 shares of the firm’s stock in a transaction on Monday, September 1st. The stock was acquired at an average cost of GBX 31 per share, with a total value of £152.52.

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

• On Thursday, July 31st, Kevin Withington bought 602 shares of Ondo InsurTech stock. The stock was acquired at an average cost of GBX 25 per share, with a total value of £150.50.
• On Monday, June 30th, Kevin Withington acquired 682 shares of Ondo InsurTech stock. The shares were purchased at an average cost of GBX 22 per share, with a total value of £150.04.

Ondo InsurTech Price Performance

ONDO stock opened at GBX 30 on Friday. The stock has a market capitalization of £40.45 million, a P/E ratio of -555.56 and a beta of 0.85. The business has a 50-day moving average of GBX 26.71 and a 200-day moving average of GBX 28.80. Ondo InsurTech Plc has a fifty-two week low of GBX 13 and a fifty-two week high of GBX 44.

Ondo InsurTech (LON:ONDO) last posted its quarterly earnings data on Wednesday, July 30th. The company reported GBX (5.40) earnings per share for the quarter. Ondo InsurTech had a positive return on equity of 40.48% and a negative net margin of 118.06%.

About Ondo InsurTech

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.