Ondo InsurTech Directors Increase Stakes Through Expanded Share Incentive Plan

Ondo InsurTech Plc ( (GB:ONDO) ) has issued an announcement.

Ondo InsurTech has expanded its all-employee Share Incentive Plan (SIP), with Fiduchi Trustees purchasing 23,760 ordinary shares on behalf of participating staff, including chief executive Craig Foster and chief financial officer Kevin Withington. Under the HMRC-approved scheme, employees buy partnership shares out of pre-tax salary and receive matching shares at no cost, with Foster and Withington each acquiring 825 partnership shares at 18.2p and being awarded an equal number of matching shares, modestly increasing their beneficial holdings and reinforcing alignment between management, employees and shareholders.

The most recent analyst rating on (GB:ONDO) stock is a Sell with a £16.00 price target. To see the full list of analyst forecasts on Ondo InsurTech Plc stock, see the GB:ONDO Stock Forecast page.

Spark’s Take on GB:ONDO Stock

According to Spark, TipRanks’ AI Analyst, GB:ONDO is a Neutral.

Ondo InsurTech Plc’s overall stock score is primarily impacted by its weak financial performance and technical analysis indicators, both of which suggest significant challenges. However, positive corporate events, including successful fundraising and strategic expansions, provide some optimism for future growth.

To see Spark’s full report on GB:ONDO stock, click here.

More about Ondo InsurTech Plc

Ondo InsurTech Plc, listed on the London Stock Exchange, operates in the insurtech sector, specialising in claims prevention technology for home insurers. The company focuses on providing technology-driven solutions that help insurers reduce and prevent household claims, positioning itself as a key player in the home insurance technology market.

Average Trading Volume: 943,798

Technical Sentiment Signal: Sell

Current Market Cap: £26.97M

For an in-depth examination of ONDO stock, go to TipRanks’ Overview page.