Omada Health President sells shares amid positive Q2 earnings

Omada Health, Inc. (NASDAQ: OMDA) President Wei-Li Shao sold 8,866 shares on August 12th at an average price of $25.02, totaling approximately $221,827. This transaction represents a 2.80% decrease in the president's direct holdings, leaving a remaining position of 307,372 shares valued at roughly $7.69 million.

In recent institutional activity, Bank of New York Mellon Corp increased its position in Omada Health by 284.5% during the first quarter, acquiring an additional 55,996 shares. The firm now holds 75,681 shares, valued at approximately $951,000.

The company's recent quarterly earnings exceeded analyst expectations. Omada reported adjusted earnings of $0.08 per share, surpassing the anticipated $0.02 loss per share. Revenue for the quarter reached $87.8 million, exceeding the consensus estimate of $80.9 million, signaling potential profitability growth for its digital chronic-care platform.