ON24, Inc. (NYSE:ONTF) CFO Sells $46,136.31 in Stock

ON24, Inc. (NYSE:ONTF - Get Free Report) CFO Steven Vattuone sold 8,283 shares of ON24 stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $5.57, for a total transaction of $46,136.31. Following the completion of the transaction, the chief financial officer now owns 517,892 shares of the company's stock, valued at $2,884,658.44. This represents a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Steven Vattuone also recently made the following trade(s):

• On Wednesday, March 5th, Steven Vattuone sold 22,047 shares of ON24 stock. The shares were sold at an average price of $5.63, for a total transaction of $124,124.61.
• On Thursday, February 20th, Steven Vattuone sold 3,094 shares of ON24 stock. The shares were sold at an average price of $6.38, for a total transaction of $19,739.72.
• On Wednesday, February 12th, Steven Vattuone sold 6,146 shares of ON24 stock. The shares were sold at an average price of $6.68, for a total transaction of $41,055.28.
• On Monday, February 10th, Steven Vattuone sold 1,879 shares of ON24 stock. The shares were sold at an average price of $6.85, for a total transaction of $12,871.15.
• On Tuesday, January 21st, Steven Vattuone sold 4,997 shares of ON24 stock. The shares were sold at an average price of $6.52, for a total transaction of $32,580.44.
• On Friday, January 17th, Steven Vattuone sold 1,022 shares of ON24 stock. The shares were sold at an average price of $6.50, for a total transaction of $6,643.00.
• On Wednesday, January 15th, Steven Vattuone sold 500 shares of ON24 stock. The shares were sold at an average price of $6.50, for a total transaction of $3,250.00.
• On Monday, January 6th, Steven Vattuone sold 6,624 shares of ON24 stock. The shares were sold at an average price of $6.68, for a total transaction of $44,248.32.
• On Friday, January 3rd, Steven Vattuone sold 18,376 shares of ON24 stock. The shares were sold at an average price of $6.59, for a total transaction of $121,097.84.
• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The shares were sold at an average price of $6.96, for a total transaction of $26,656.80.

ON24 Trading Up 0.1 %

Shares of ONTF traded up $0.01 during mid-day trading on Friday, reaching $5.75. The company's stock had a trading volume of 180,187 shares, compared to its average volume of 118,536. The stock has a market cap of $239.28 million, a PE ratio of -5.52 and a beta of 0.55. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $7.38. The company's fifty day moving average price is $6.46 and its two-hundred day moving average price is $6.39.

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Institutional Investors Weigh In On ON24

A number of hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. lifted its holdings in shares of ON24 by 1.6% in the 4th quarter. Federated Hermes Inc. now owns 1,167,713 shares of the company's stock worth $7,543,000 after acquiring an additional 18,372 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in ON24 by 43.5% during the 4th quarter. JPMorgan Chase & Co. now owns 821,461 shares of the company's stock valued at $5,307,000 after buying an additional 249,045 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in ON24 by 15.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 490,086 shares of the company's stock valued at $3,166,000 after buying an additional 66,022 shares during the last quarter. Horrell Capital Management Inc. raised its holdings in ON24 by 15.9% during the 4th quarter. Horrell Capital Management Inc. now owns 394,196 shares of the company's stock valued at $2,547,000 after buying an additional 54,000 shares during the last quarter. Finally, Circumference Group LLC raised its holdings in ON24 by 15.9% during the 4th quarter. Circumference Group LLC now owns 394,196 shares of the company's stock valued at $2,547,000 after buying an additional 54,000 shares during the last quarter. 83.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of ON24 from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. William Blair reiterated a "market perform" rating on shares of ON24 in a report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a "hold" rating on shares of ON24 in a report on Wednesday, February 26th.

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.