Graham Bird Acquires 34,000 Shares of Ondo InsurTech (LON:ONDO) Stock

Ondo InsurTech Plc (LON:ONDO) insider Graham Bird purchased 34,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were acquired at an average cost of GBX 6 per share, for a total transaction of £2,040.

Ondo InsurTech Stock Up 8.9%

Shares of LON:ONDO traded up GBX 0.56 during midday trading on Friday, reaching GBX 6.86. The company had a trading volume of 13,426,270 shares, compared to its average volume of 1,729,652. The business’s 50 day moving average price is GBX 4.64 and its 200 day moving average price is GBX 13.13. The stock has a market cap of £10.28 million, a PE ratio of -1.14 and a beta of 0.85. Ondo InsurTech Plc has a 1-year low of GBX 2.80 and a 1-year high of GBX 35.

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.