Boston Partners Sells 47,140 Shares of ON24, Inc. (NYSE:ONTF)

Boston Partners decreased its stake in ON24, Inc. (NYSE:ONTF - Free Report) by 44.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,589 shares of the company's stock after selling 47,140 shares during the period. Boston Partners owned 0.14% of ON24 worth $378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ONTF. SG Americas Securities LLC raised its stake in ON24 by 38.1% in the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company's stock valued at $91,000 after buying an additional 3,891 shares during the period. R Squared Ltd acquired a new position in shares of ON24 in the fourth quarter valued at $153,000. FMR LLC raised its position in shares of ON24 by 45.0% in the third quarter. FMR LLC now owns 27,483 shares of the company's stock valued at $168,000 after purchasing an additional 8,528 shares during the period. Jane Street Group LLC lifted its stake 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. Finally, P.A.W. Capital Corp bought a new stake in shares of ON24 during the 4th quarter worth about $484,000. Institutional investors and hedge funds own 83.93% of the company's stock.

Insider Activity at ON24

In other ON24 news, Director Dominique Trempont sold 4,250 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $6.40, for a total transaction of $27,200.00. Following the completion of the sale, the director now owns 258,850 shares of the company's stock, valued at approximately $1,656,640. This represents a 1.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anil Arora acquired 8,661 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were bought 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 approximately $712,171.20. This trade represents a 7.38 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 206,529 shares of company stock worth $1,174,541 and sold 184,617 shares worth $1,111,394. 32.30% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

ONTF has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on shares of ON24 from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. William Blair reissued a "market perform" rating on shares of ON24 in a report on Wednesday, February 26th. Finally, Needham & Company LLC restated a "hold" rating on shares of ON24 in a research note on Wednesday, February 26th.

ON24 Trading Down 0.1 %

NYSE ONTF traded down $0.01 during trading on Thursday, reaching $5.58. The company's stock had a trading volume of 121,088 shares, compared to its average volume of 138,888. ON24, Inc. has a 12 month low of $5.22 and a 12 month high of $7.38. The firm has a 50 day moving average price of $6.23 and a 200 day moving average price of $6.32. The firm has a market capitalization of $235.96 million, a price-to-earnings ratio of -5.36 and a beta of 0.55.

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.