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

OneMedNet Corporation (NASDAQ:ONMD) CEO Aaron Green acquired 36,650 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of $0.57 per share, with a total value of $20,890.50. Following the purchase, the chief executive officer directly owned 1,896,375 shares in the company, valued at $1,080,933.75. This represents a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, June 15th, Aaron Green bought 18,702 shares of OneMedNet stock. The shares were bought at an average cost 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 bought at an average price of $0.56 per share, with a total value of $20,675.20.

OneMedNet Trading Up 7.4%

NASDAQ:ONMD opened at $0.60 on Wednesday. OneMedNet Corporation has a 12 month low of $0.44 and a 12 month high of $4.22. The stock has a market capitalization of $32.66 million, a price-to-earnings ratio of -12.00 and a beta of 1.12. The firm has a fifty day simple moving average of $0.83 and a two-hundred day simple moving average of $0.92.

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 for the quarter.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of OneMedNet in a report on Monday, June 1st. Wall Street Zen downgraded OneMedNet from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Exencial Wealth Advisors LLC grew its holdings in shares of 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 buying an additional 45,401 shares during the last quarter. State Street Corp raised its holdings in shares of OneMedNet by 41.5% in the 4th quarter. State Street Corp now owns 116,700 shares of the company’s stock worth $128,000 after acquiring an additional 34,200 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of OneMedNet in the 4th quarter worth about $119,000. Virtu Financial LLC bought a new position in OneMedNet in the 4th quarter valued at about $48,000. Finally, HRT Financial LP bought a new position in OneMedNet in the 4th quarter valued at about $32,000. 0.95% of the stock is owned by institutional investors.

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.