ON24, Inc. (NYSE:ONTF) Director Anil Arora Acquires 8,661 Shares

ON24, Inc. (NYSE:ONTF - Get Free Report) Director Anil Arora purchased 8,661 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $5.65 per share, for a total transaction of $48,934.65. Following the acquisition, the director now directly owns 126,048 shares of the company's stock, valued at $712,171.20. This represents a 7.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Anil Arora also recently made the following trade(s):

• On Tuesday, March 11th, Anil Arora acquired 39 shares of ON24 stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $214.50.

ON24 Price Performance

Shares of ONTF stock traded down $0.26 during trading hours on Monday, reaching $5.59. The company had a trading volume of 128,782 shares, compared to its average volume of 138,934. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $7.38. The company has a 50 day moving average of $6.38 and a 200 day moving average of $6.37. The firm has a market cap of $232.62 million, a price-to-earnings ratio of -5.37 and a beta of 0.55.

Analyst Ratings Changes

A number of brokerages have weighed in on ONTF. William Blair reaffirmed a "market perform" rating on shares of ON24 in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price target on ON24 from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of ON24 in a research note on Wednesday, February 26th.

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Hedge Funds Weigh In On ON24

A number of large investors have recently added to or reduced their stakes in ONTF. Barclays PLC grew its holdings in shares of ON24 by 48.7% in the 3rd quarter. Barclays PLC now owns 101,837 shares of the company's stock valued at $624,000 after acquiring an additional 33,352 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of ON24 by 91.2% in the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company's stock valued at $374,000 after acquiring an additional 29,148 shares in the last quarter. P.A.W. Capital Corp bought a new position in shares of ON24 in the 4th quarter valued at about $484,000. FMR LLC grew its holdings 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 acquiring an additional 8,528 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of ON24 by 38.1% in the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company's stock valued at $91,000 after acquiring an additional 3,891 shares in the last quarter. Institutional investors own 83.93% of the company's stock.

ON24 Company Profile

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.