ON24, Inc. (NYSE:ONTF) Insider Jayesh Sahasi Sells 3,315 Shares

ON24, Inc. (NYSE:ONTF - Get Free Report) insider Jayesh Sahasi sold 3,315 shares of ON24 stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.38, for a total value of $21,149.70. Following the sale, the insider now directly owns 691,970 shares in the company, valued at approximately $4,414,768.60. This trade represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jayesh Sahasi also recently made the following trade(s):

• On Monday, February 10th, Jayesh Sahasi sold 1,637 shares of ON24 stock. The stock was sold at an average price of $6.85, for a total value of $11,213.45.
• On Monday, December 16th, Jayesh Sahasi sold 1,100 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total value of $7,700.00.
• On Thursday, December 12th, Jayesh Sahasi sold 5,047 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $35,329.00.
• On Tuesday, December 10th, Jayesh Sahasi sold 100 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total transaction of $700.00.
• On Wednesday, December 4th, Jayesh Sahasi sold 6,457 shares of ON24 stock. The stock was sold at an average price of $6.69, for a total transaction of $43,197.33.
• On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The shares were sold at an average price of $6.63, for a total transaction of $24,239.28.

ON24 Trading Down 0.1 %

ONTF stock traded down $0.01 during trading on Tuesday, hitting $6.09. The company had a trading volume of 135,459 shares, compared to its average volume of 95,166. The company has a fifty day moving average price of $6.62 and a two-hundred day moving average price of $6.42. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $7.48. The company has a market cap of $253.45 million, a P/E ratio of -5.85 and a beta of 0.52.

ON24 (NYSE:ONTF - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.22). ON24 had a negative return on equity of 23.10% and a negative net margin of 28.63%. On average, analysts expect that ON24, Inc. will post -0.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a "hold" rating on shares of ON24 in a research note on Wednesday, January 15th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in ON24 during the 3rd quarter worth approximately $62,000. Squarepoint Ops LLC boosted its stake in ON24 by 56.6% in the fourth quarter. Squarepoint Ops LLC now owns 15,804 shares of the company's stock worth $102,000 after purchasing an additional 5,713 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of ON24 by 25.6% during the fourth quarter. Wells Fargo & Company MN now owns 17,270 shares of the company's stock worth $112,000 after purchasing an additional 3,518 shares during the last quarter. Gladius Capital Management LP increased its stake in shares of ON24 by 151.2% in the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company's stock valued at $140,000 after buying an additional 13,755 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of ON24 in the fourth quarter valued at about $153,000. Institutional investors own 83.93% of the company's stock.

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.