OneMedNet (NASDAQ:ONMD) CEO Aaron Green Sells 64,767 Shares

OneMedNet Corporation (NASDAQ:ONMD) CEO Aaron Green sold 64,767 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $2.23, for a total transaction of $144,430.41. Following the completion of the transaction, the chief executive officer directly owned 1,865,658 shares in the company, valued at $4,160,417.34. The trade was a 3.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, November 18th, Aaron Green sold 61,555 shares of OneMedNet stock. The stock was sold at an average price of $1.20, for a total transaction of $73,866.00.

OneMedNet Trading Down 7.9%

Shares of NASDAQ ONMD traded down $0.11 during mid-day trading on Tuesday, hitting $1.29. 328,793 shares of the stock traded hands, compared to its average volume of 2,257,584. OneMedNet Corporation has a 52 week low of $0.30 and a 52 week high of $4.22. The stock has a fifty day moving average price of $1.73 and a 200-day moving average price of $1.14.

OneMedNet (NASDAQ:ONMD) last posted its earnings results on Friday, November 14th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $0.18 million during the quarter.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ONMD. Weiss Ratings restated a “sell (d-)” rating on shares of OneMedNet in a report on Tuesday, October 14th. Wall Street Zen raised OneMedNet to a “hold” rating in a report on Friday, September 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On OneMedNet

Several hedge funds have recently added to or reduced their stakes in ONMD. Exencial Wealth Advisors LLC boosted its stake in OneMedNet by 3.1% during the second quarter. Exencial Wealth Advisors LLC now owns 1,491,862 shares of the company’s stock worth $851,000 after acquiring an additional 45,448 shares in the last quarter. Correct Capital Wealth Management bought a new stake in OneMedNet during the third quarter valued at about $4,910,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in OneMedNet during the 3rd quarter worth approximately $25,000. Institutional investors own 0.95% of the company’s stock.

OneMedNet Company Profile

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.