Aaron Green Sells 61,555 Shares of OneMedNet (NASDAQ:ONMD) Stock

OneMedNet Corporation (NASDAQ:ONMD) CEO Aaron Green sold 61,555 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $1.20, for a total value of $73,866.00. Following the completion of the transaction, the chief executive officer directly owned 1,804,103 shares of the company’s stock, valued at approximately $2,164,923.60. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, October 22nd, Aaron Green sold 64,767 shares of OneMedNet stock. The shares were sold at an average price of $2.23, for a total value of $144,430.41.

OneMedNet Price Performance

ONMD opened at $1.31 on Thursday. The firm has a market capitalization of $66.82 million, a PE ratio of -26.20 and a beta of 1.10. The business’s 50-day moving average is $1.70 and its two-hundred day moving average is $1.14. OneMedNet Corporation has a 1 year low of $0.30 and a 1 year high of $4.22.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of OneMedNet in the third quarter worth $25,000. Exencial Wealth Advisors LLC increased its position in shares of OneMedNet by 3.1% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 1,491,862 shares of the company’s stock valued at $851,000 after acquiring an additional 45,448 shares during the period. Finally, Correct Capital Wealth Management acquired a new position in shares of OneMedNet in the 3rd quarter valued at $4,910,000. 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.