75,000 Shares in ON24, Inc. (NYSE:ONTF) Bought by P.A.W. Capital Corp

P.A.W. Capital Corp purchased a new position in shares of ON24, Inc. (NYSE:ONTF - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 75,000 shares of the company's stock, valued at approximately $484,000. ON24 makes up 0.9% of P.A.W. Capital Corp's investment portfolio, making the stock its 16th biggest position. P.A.W. Capital Corp owned approximately 0.18% of ON24 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of ON24 during the 3rd quarter valued at about $62,000. Gladius Capital Management LP boosted its holdings in ON24 by 151.2% in the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company's stock valued at $140,000 after purchasing an additional 13,755 shares during the last quarter. R Squared Ltd purchased a new stake in shares of ON24 in the 4th quarter valued at approximately $153,000. FMR LLC grew its stake in shares of ON24 by 45.0% in the 3rd quarter. FMR LLC now owns 27,483 shares of the company's stock valued at $168,000 after buying an additional 8,528 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of ON24 by 91.2% during the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company's stock worth $374,000 after buying an additional 29,148 shares during the last quarter. 83.93% of the stock is owned by institutional investors and hedge funds.

ON24 Stock Performance

NYSE ONTF traded down $0.24 during trading on Wednesday, reaching $5.80. 169,479 shares of the company's stock were exchanged, compared to its average volume of 97,172. The company has a 50 day moving average price of $6.60 and a two-hundred day moving average price of $6.42. The stock has a market cap of $241.58 million, a P/E ratio of -5.58 and a beta of 0.52. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $7.48.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. William Blair reiterated a "market perform" rating on shares of ON24 in a report on Wednesday. Needham & Company LLC reaffirmed a "hold" rating on shares of ON24 in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of ON24 from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Wednesday.

Insiders Place Their Bets

In other news, insider Jayesh Sahasi sold 6,457 shares of ON24 stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $6.69, for a total value of $43,197.33. Following the transaction, the insider now directly owns 700,479 shares of the company's stock, valued at $4,686,204.51. The trade was a 0.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sharat Sharan sold 36,189 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $6.20, for a total transaction of $224,371.80. Following the completion of the sale, the insider now directly owns 3,113,728 shares of the company's stock, valued at $19,305,113.60. The trade was a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,637 shares of company stock valued at $1,110,727. 32.30% of the stock is owned by corporate insiders.

About ON24

ON24, Inc provides a cloud-based intelligent engagement platform that enables businesses to convert customer engagement into revenue through interactive webinar, virtual event, and multimedia content experiences worldwide. The company provides ON24 Elite, for live and interactive webinar experience; ON24 Breakouts, for live breakout room experience that facilitates networking, collaboration, and interactivity between users; ON24 Forums, for live and interactive experience, which facilitates video-to-video interaction between presenters and audiences; ON24 Go Live, for live and interactive video event experience that enables presenters and attendees to engage face-to-face in real-time; and ON24 Virtual Confrence, for live and large scale managed virtual event experience.