Insider Selling: ON24, Inc. (NYSE:ONTF) Insider Sells 1,637 Shares of Stock

ON24, Inc. (NYSE:ONTF - Get Free Report) insider Jayesh Sahasi sold 1,637 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $6.85, for a total value of $11,213.45. Following the completion of the transaction, the insider now directly owns 696,957 shares in the company, valued at approximately $4,774,155.45. This represents a 0.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 transaction 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 transaction 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 shares were sold at an average price of $6.69, for a total value of $43,197.33.
• On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The stock was sold at an average price of $6.63, for a total value of $24,239.28.
• On Wednesday, November 20th, Jayesh Sahasi sold 4,089 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total value of $25,719.81.

ON24 Stock Down 0.1 %

ONTF stock traded down $0.01 during midday trading on Friday, reaching $6.93. The company's stock had a trading volume of 50,023 shares, compared to its average volume of 86,864. The business's 50-day simple moving average is $6.67 and its 200-day simple moving average is $6.40. The stock has a market cap of $288.43 million, a PE ratio of -6.66 and a beta of 0.52. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.35.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ONTF. JPMorgan Chase & Co. lifted its stake in ON24 by 43.5% in the fourth 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 period. P.A.W. Capital Corp bought a new stake in shares of ON24 in the 4th quarter valued at about $484,000. Norges Bank acquired a new stake in shares of ON24 in the 4th quarter valued at approximately $428,000. Arrowstreet Capital Limited Partnership boosted its stake in ON24 by 15.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 490,086 shares of the company's stock worth $3,166,000 after acquiring an additional 66,022 shares during the last quarter. Finally, Horrell Capital Management Inc. grew its holdings in ON24 by 15.9% during the fourth quarter. Horrell Capital Management Inc. now owns 394,196 shares of the company's stock valued at $2,547,000 after purchasing an additional 54,000 shares during the period. 83.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.