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

OneMedNet Corporation (NASDAQ:ONMD) insider Jeffrey Yu acquired 45,126 shares of the stock in a transaction dated Friday, October 9th. The shares were purchased 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 owned 896,840 shares of the company’s stock, valued at $4,968,493.60. This trade represents a 5.30% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

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

OneMedNet Stock Performance

Shares of NASDAQ ONMD opened at $4.71 on Thursday. OneMedNet Corporation has a one year low of $3.61 and a one year high of $31.00. The business has a fifty day simple moving average of $6.07 and a 200 day simple moving average of $7.22.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock 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.