OneMedNet (NASDAQ:ONMD) CEO Aaron Green Acquires 36,650 Shares of Stock

OneMedNet Corporation (NASDAQ:ONMD) CEO Aaron Green bought 36,650 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average cost of $0.57 per share, with a total value of $20,890.50. Following the transaction, the chief executive officer owned 1,896,375 shares of the company’s stock, valued at $1,080,933.75. This represents a 1.97% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Aaron Green also recently made the following trade(s):

• On Monday, June 15th, Aaron Green purchased 18,702 shares of OneMedNet stock. The stock was acquired at an average price of $0.54 per share, for a total transaction of $10,099.08.
• On Friday, June 12th, Aaron Green purchased 36,920 shares of OneMedNet stock. The stock was acquired at an average price of $0.56 per share, for a total transaction of $20,675.20.

OneMedNet Price Performance

Shares of NASDAQ:ONMD opened at $0.63 on Thursday. The company’s 50-day moving average price is $0.82 and its two-hundred day moving average price is $0.91. OneMedNet Corporation has a one year low of $0.44 and a one year high of $4.22. The stock has a market capitalization of $34.35 million, a PE ratio of -12.62 and a beta of 1.12.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. HRT Financial LP acquired a new position in shares of OneMedNet during the 4th quarter worth about $32,000. State Street Corp lifted its stake in OneMedNet by 41.5% in the 4th 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 during the last quarter. Jane Street Group LLC acquired a new stake in OneMedNet in the 4th quarter valued at about $119,000. Virtu Financial LLC bought a new position in OneMedNet during the fourth quarter worth about $48,000. Finally, Exencial Wealth Advisors LLC grew 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 worth $4,009,000 after purchasing an additional 45,401 shares during the period. Institutional investors own 0.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ONMD. Weiss Ratings reissued a “sell (e+)” rating on shares of OneMedNet in a research report on Monday, June 1st. Wall Street Zen cut OneMedNet from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.