OneMedNet (NASDAQ:ONMD) Director Thomas Kosasa Buys 268,817 Shares

OneMedNet Corporation (NASDAQ:ONMD) Director Thomas Kosasa purchased 268,817 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average cost of $0.93 per share, for a total transaction of $249,999.81. Following the completion of the acquisition, the director directly owned 16,930,144 shares of the company’s stock, valued at $15,745,033.92. This represents a 1.61% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Thomas Kosasa also recently made the following trade(s):

• On Thursday, April 23rd, Thomas Kosasa acquired 280,898 shares of OneMedNet stock. The shares were bought at an average cost of $0.89 per share, for a total transaction of $249,999.22.

OneMedNet Trading Up 10.4%

ONMD traded up $0.08 during midday trading on Wednesday, hitting $0.87. 176,615 shares of the company traded hands, compared to its average volume of 2,833,610. The company has a market capitalization of $47.09 million, a price-to-earnings ratio of -12.36 and a beta of 1.25. OneMedNet Corporation has a 52-week low of $0.31 and a 52-week high of $4.22. The business has a 50 day simple moving average of $0.89 and a two-hundred day simple moving average of $1.06.

OneMedNet (NASDAQ:ONMD) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $0.10 million for the quarter.

Hedge Funds Weigh In On OneMedNet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC purchased a new position in OneMedNet during the third quarter valued at $25,000. HRT Financial LP purchased a new position in OneMedNet during the fourth quarter valued at $32,000. State Street Corp lifted its holdings in OneMedNet by 41.5% during the fourth quarter. State Street Corp now owns 116,700 shares of the company’s stock valued at $128,000 after purchasing an additional 34,200 shares in the last quarter. Virtu Financial LLC purchased a new position in OneMedNet during the fourth quarter valued at $48,000. Finally, Exencial Wealth Advisors LLC lifted its holdings in OneMedNet by 1.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 3,644,861 shares of the company’s stock valued at $4,009,000 after purchasing an additional 45,401 shares in the last quarter. 0.95% of the stock is owned by hedge funds and other institutional investors.

About OneMedNet

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences. OneMedNet Corporation is based in Eden Prairie, Minnesota.