OneMedNet (NASDAQ:ONMD) Director Thomas Kosasa Acquires 268,817 Shares

OneMedNet Corporation (NASDAQ:ONMD – Get Free Report) Director Thomas Kosasa purchased 268,817 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of $0.93 per share, with a total value of $249,999.81. Following the completion of the transaction, the director owned 16,930,144 shares in the company, valued at $15,745,033.92. This trade represents a 1.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Thomas Kosasa also recently made the following trade(s):

Get OneMedNet alerts:

• On Thursday, April 23rd, Thomas Kosasa purchased 280,898 shares of OneMedNet stock. The shares were acquired at an average cost of $0.89 per share, with a total value of $249,999.22.

OneMedNet Trading Up 10.4%

Shares of OneMedNet stock opened at $0.87 on Thursday. The company has a fifty day moving average price of $0.89 and a 200 day moving average price of $1.06. OneMedNet Corporation has a twelve month low of $0.31 and a twelve month high of $4.22. The stock has a market cap of $47.09 million, a price-to-earnings ratio of -12.36 and a beta of 1.25.

OneMedNet (NASDAQ:ONMD – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $0.10 million for the quarter.

Hedge Funds Weigh In On OneMedNet

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in OneMedNet in the 3rd quarter valued at about $25,000. HRT Financial LP purchased a new position in OneMedNet in the 4th quarter valued at about $32,000. Virtu Financial LLC purchased a new position in OneMedNet in the 4th quarter valued at about $48,000. Jane Street Group LLC purchased a new position in OneMedNet in the 4th quarter valued at about $119,000. Finally, State Street Corp boosted its position in OneMedNet by 41.5% in the 4th quarter. State Street Corp now owns 116,700 shares of the company’s stock valued at $128,000 after buying an additional 34,200 shares during the last quarter. 0.95% of the stock is owned by hedge funds and other institutional investors.

OneMedNet Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than OneMedNet
• The Palantir Paradox—Record Numbers and a Stock That Won’t Cooperate
• TJX Companies Fires on All Cylinders With 9% Revenue Growth
• From Zepbound to Foundayo: Lilly’s Latest Results Support Oral GLP-1 Outlook
• AI Consolidation Begins: Blackstone & Google Forge an AI Empire

Receive News & Ratings for OneMedNet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMedNet and related companies with MarketBeat.com's FREE daily email newsletter.