Omada Health, Inc. (NASDAQ:OMDA – Get Free Report) CFO Steven Cook sold 12,337 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $23.09, for a total transaction of $284,861.33. Following the completion of the transaction, the chief financial officer owned 187,209 shares in the company, valued at $4,322,655.81. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Omada Health Price Performance
Shares of NASDAQ:OMDA traded down $0.02 during trading on Wednesday, hitting $22.98. 1,251,953 shares of the company were exchanged, compared to its average volume of 1,096,319. The firm’s 50 day moving average price is $17.83 and its 200-day moving average price is $15.27. Omada Health, Inc. has a 12-month low of $10.28 and a 12-month high of $26.92. The stock has a market capitalization of $1.37 billion and a P/E ratio of -85.11.
Omada Health (NASDAQ:OMDA – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. Omada Health had a negative net margin of 2.22% and a negative return on equity of 1.82%. The firm had revenue of $78.05 million for the quarter. As a group, equities research analysts anticipate that Omada Health, Inc. will post -0.01 EPS for the current year.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Omada Health
Institutional Trading of Omada Health
A number of hedge funds have recently added to or reduced their stakes in OMDA. Quarry LP purchased a new position in shares of Omada Health in the 4th quarter valued at approximately $29,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Omada Health during the fourth quarter worth $32,000. Raymond James Financial Inc. purchased a new position in Omada Health in the 2nd quarter valued at $32,000. Inlight Wealth Management LLC purchased a new position in Omada Health in the 4th quarter valued at $45,000. Finally, Versant Capital Management Inc increased its stake in Omada Health by 319.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,998 shares of the company’s stock valued at $66,000 after buying an additional 2,283 shares during the period.
About Omada Health
Omada Health is a digital health company that specializes in the prevention and management of chronic conditions through personalized, technology-driven programs. The company’s platform combines data analytics, behavioral science and human coaching to support individuals at risk for or living with conditions such as prediabetes, type 2 diabetes, hypertension and musculoskeletal disorders. Participants access the program via a mobile app or web portal, where they receive tailored curriculum, feedback on health metrics and ongoing virtual coaching.
In addition to its core disease-management offerings, Omada Health has expanded its services to include mental health support and digital therapeutics for weight management.
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