Ondo InsurTech Executives Boost Holdings Through Share Incentive Plan

Ondo InsurTech Plc ( (GB:ONDO) ) just unveiled an announcement.

Ondo InsurTech Plc has reported the purchase of 14,919 ordinary shares for its HMRC-approved all-employee Share Incentive Plan, under which staff buy shares from pre-tax salary and receive matching shares on a one-for-one basis. As part of this transaction, CEO Craig Foster and CFO Kevin Withington each acquired 681 partnership shares at 22p and received a further 681 matching shares, taking their beneficial holdings to approximately 1.67% and 0.23% of the company respectively, signalling continued executive participation in the equity of the business and aligning management interests with those of shareholders.

The most recent analyst rating on (GB:ONDO) stock is a Hold with a £23.00 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. Its products and services focus on helping home insurance providers reduce risk and claims costs, positioning the company within the broader digital transformation and risk-mitigation segment of the insurance industry.

Average Trading Volume: 799,655

Technical Sentiment Signal: Sell

Current Market Cap: £32.58M

Learn more about ONDO stock on TipRanks’ Stock Analysis page.