OneMedNet (NASDAQ:ONMD) Insider Jeffrey Yu Acquires 45,126 Shares of Company Stock

OneMedNet Corporation (NASDAQ:ONMD) insider Jeffrey Yu acquired 45,126 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was purchased at an average price of $5.54 per share, with a total value of $249,998.04. Following the completion of the acquisition, the insider directly owned 896,840 shares in the company, valued at approximately $4,968,493.60. This represents a 5.30% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jeffrey Yu also recently made the following trade(s):

• On Thursday, September 10th, Jeffrey Yu acquired 14,285 shares of OneMedNet stock. The shares were purchased at an average price of $6.30 per share, for a total transaction of $89,995.50.

OneMedNet Price Performance

Shares of OneMedNet stock traded up $0.09 during trading on Tuesday, hitting $4.02. 37,062 shares of the stock traded hands, compared to its average volume of 70,608. OneMedNet Corporation has a 52 week low of $3.61 and a 52 week high of $32.00. The firm’s fifty day moving average is $6.10 and its 200-day moving average is $7.25.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of OneMedNet from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

About OneMedNet

OneMedNet Corporation is a healthcare technology company that develops infrastructure for accessing, managing and analyzing medical data. Its platform is designed to help healthcare providers, researchers, life sciences companies and other authorized users work with clinical and medical-imaging information while keeping the underlying data within the organization that controls it.

The company’s technology uses a federated data model, allowing participating institutions to collaborate on data analysis without routinely transferring sensitive patient information to a centralized repository.