ON24, Inc. (NYSE:ONTF) Insider Jayesh Sahasi Sells 35,564 Shares

ON24, Inc. (NYSE:ONTF - Get Free Report) insider Jayesh Sahasi sold 35,564 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $5.48, for a total value of $194,890.72. Following the transaction, the insider now directly owns 644,989 shares of the company's stock, valued at $3,534,539.72. This represents a 5.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, March 20th, Jayesh Sahasi sold 3,696 shares of ON24 stock. The stock was sold at an average price of $5.41, for a total transaction of $19,995.36.
• On Thursday, February 20th, Jayesh Sahasi sold 3,315 shares of ON24 stock. The shares were sold at an average price of $6.38, for a total transaction of $21,149.70.
• 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.

ON24 Price Performance

Shares of ON24 stock traded up $0.13 during trading on Monday, hitting $5.61. 139,552 shares of the company were exchanged, compared to its average volume of 139,231. The firm has a market capitalization of $237.23 million, a P/E ratio of -5.39 and a beta of 0.55. The firm's fifty day moving average price is $6.27 and its 200 day moving average price is $6.34. ON24, Inc. has a 1-year low of $5.22 and a 1-year high of $7.38.

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Institutional Trading of ON24

A number of large investors have recently made changes to their positions in the company. Squarepoint Ops LLC increased its holdings in shares of 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 acquiring an additional 5,713 shares in the last quarter. Two Sigma Investments LP raised its holdings in ON24 by 11.9% during the 4th quarter. Two Sigma Investments LP now owns 175,366 shares of the company's stock worth $1,133,000 after buying an additional 18,647 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of ON24 by 11.4% in the fourth quarter. Two Sigma Advisers LP now owns 256,900 shares of the company's stock valued at $1,660,000 after buying an additional 26,200 shares during the period. Millennium Management LLC boosted its holdings in shares of ON24 by 84.8% in the fourth quarter. Millennium Management LLC now owns 142,387 shares of the company's stock valued at $920,000 after buying an additional 65,322 shares during the period. Finally, Circumference Group LLC increased its position in shares of ON24 by 15.9% during the fourth quarter. Circumference Group LLC now owns 394,196 shares of the company's stock worth $2,547,000 after acquiring an additional 54,000 shares in the last quarter. Institutional investors own 83.93% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. William Blair reiterated a "market perform" rating on shares of ON24 in a research report on Wednesday, February 26th. Needham & Company LLC restated a "hold" rating on shares of ON24 in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. decreased their price objective on ON24 from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th.

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.