ON24, Inc. (NYSE:ONTF) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its holdings in shares of ON24, Inc. (NYSE:ONTF - Free Report) by 19.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 374,995 shares of the company's stock after selling 90,958 shares during the period. Jacobs Levy Equity Management Inc. owned 0.90% of ON24 worth $2,295,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ONTF. Acadian Asset Management LLC grew its position in ON24 by 19.2% during the 2nd quarter. Acadian Asset Management LLC now owns 559,602 shares of the company's stock valued at $3,362,000 after purchasing an additional 90,058 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of ON24 by 12.9% during the second quarter. Renaissance Technologies LLC now owns 726,434 shares of the company's stock valued at $4,366,000 after buying an additional 83,000 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of ON24 during the second quarter valued at approximately $427,000. Vanguard Group Inc. raised its holdings in ON24 by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 2,443,583 shares of the company's stock worth $17,447,000 after acquiring an additional 49,498 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in ON24 by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company's stock valued at $8,830,000 after acquiring an additional 22,577 shares in the last quarter. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

ON24 Price Performance

Shares of NYSE:ONTF traded up $0.06 during mid-day trading on Friday, reaching $6.63. 152,800 shares of the company traded hands, compared to its average volume of 120,258. The company's 50 day moving average price is $6.33 and its 200-day moving average price is $6.16. The firm has a market cap of $276.14 million, a PE ratio of -6.38 and a beta of 0.51. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.35.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a "hold" rating on shares of ON24 in a research report on Friday, November 8th.

Insider Buying and Selling at ON24

In related news, CFO Steven Vattuone sold 7,094 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $5.86, for a total transaction of $41,570.84. Following the completion of the transaction, the chief financial officer now directly owns 542,974 shares of the company's stock, valued at approximately $3,181,827.64. This trade represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jayesh Sahasi sold 6,457 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $6.69, for a total transaction 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. This trade represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 116,741 shares of company stock valued at $736,099 over the last ninety days. 32.30% of the stock is currently owned by company insiders.

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.