Insider Selling: ON24, Inc. (NYSE:ONTF) Insider Sells 3,696 Shares of Stock

ON24, Inc. (NYSE:ONTF - Get Free Report) insider Jayesh Sahasi sold 3,696 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $5.41, for a total transaction of $19,995.36. Following the completion of the transaction, the insider now directly owns 569,976 shares in the company, valued at $3,083,570.16. The trade was a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, March 18th, Jayesh Sahasi sold 35,564 shares of ON24 stock. The shares were sold at an average price of $5.48, for a total transaction of $194,890.72.
• On Thursday, February 20th, Jayesh Sahasi sold 3,315 shares of ON24 stock. The stock was sold at an average price of $6.38, for a total value of $21,149.70.
• On Monday, February 10th, Jayesh Sahasi sold 1,637 shares of ON24 stock. The shares were sold at an average price of $6.85, for a total transaction of $11,213.45.

ON24 Stock Performance

Shares of ONTF traded up $0.13 during trading hours on Monday, reaching $5.61. The stock had a trading volume of 139,552 shares, compared to its average volume of 139,231. The stock has a market capitalization of $237.23 million, a PE ratio of -5.39 and a beta of 0.55. ON24, Inc. has a 12 month low of $5.22 and a 12 month high of $7.38. The company's 50-day moving average is $6.27 and its two-hundred day moving average is $6.34.

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Institutional Trading of ON24

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in ON24 by 48.7% in the third quarter. Barclays PLC now owns 101,837 shares of the company's stock worth $624,000 after purchasing an additional 33,352 shares during the period. Jane Street Group LLC boosted its holdings in ON24 by 91.2% in the third quarter. Jane Street Group LLC now owns 61,122 shares of the company's stock worth $374,000 after acquiring an additional 29,148 shares in the last quarter. P.A.W. Capital Corp acquired a new stake in ON24 in the fourth quarter valued at approximately $484,000. FMR LLC increased its holdings in shares of ON24 by 45.0% during the third quarter. FMR LLC now owns 27,483 shares of the company's stock valued at $168,000 after acquiring an additional 8,528 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of ON24 by 38.1% during the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company's stock worth $91,000 after purchasing an additional 3,891 shares during the period. Institutional investors and hedge funds own 83.93% of the company's stock.

Analysts Set New Price Targets

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