Insider Buying: OneMedNet (NASDAQ:ONMD) Director Acquires $249,999.22 in Stock

OneMedNet Corporation (NASDAQ:ONMD) Director Thomas Kosasa purchased 280,898 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was acquired at an average price of $0.89 per share, with a total value of $249,999.22. Following the completion of the transaction, the director owned 16,661,327 shares in the company, valued at approximately $14,828,581.03. This trade represents a 1.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, February 6th, Thomas Kosasa purchased 595,238 shares of OneMedNet stock. The stock was acquired at an average price of $0.84 per share, with a total value of $499,999.92.

OneMedNet Price Performance

Shares of NASDAQ ONMD opened at $1.10 on Monday. OneMedNet Corporation has a twelve month low of $0.31 and a twelve month high of $4.22. The firm has a fifty day simple moving average of $0.80 and a 200 day simple moving average of $1.23. The company has a market capitalization of $57.42 million, a PE ratio of -15.71 and a beta of 1.16.

OneMedNet (NASDAQ:ONMD) last released its earnings results on Monday, March 30th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $0.89 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of OneMedNet in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On OneMedNet

Several hedge funds and other institutional investors have recently bought and sold shares of ONMD. Exencial Wealth Advisors LLC lifted its holdings in OneMedNet by 141.3% in the third quarter. Exencial Wealth Advisors LLC now owns 3,599,460 shares of the company’s stock valued at $3,923,000 after buying an additional 2,107,598 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in OneMedNet in the third quarter valued at $25,000. Correct Capital Wealth Management acquired a new stake in OneMedNet in the third quarter worth $4,910,000. HRT Financial LP acquired a new stake in OneMedNet in the fourth quarter worth $32,000. Finally, Jane Street Group LLC acquired a new stake in OneMedNet in the fourth quarter worth $119,000. Institutional investors and hedge funds own 0.95% of the company’s stock.

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.