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

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

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

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

OneMedNet Stock Performance

NASDAQ:ONMD opened at $4.02 on Wednesday. OneMedNet Corporation has a 12-month low of $3.61 and a 12-month high of $32.00. The business has a 50 day simple moving average of $6.10 and a 200 day simple moving average of $7.25.

Analyst Upgrades and Downgrades

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

OneMedNet Company Profile

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.