ON24, Inc. (NYSE:ONTF) Insider Sharat Sharan Sells 3,529 Shares

ON24, Inc. (NYSE:ONTF - Get Free Report) insider Sharat Sharan sold 3,529 shares of the business's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $4.54, for a total value of $16,021.66. Following the completion of the sale, the insider now directly owns 3,188,173 shares in the company, valued at $14,474,305.42. This trade represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Sharat Sharan also recently made the following trade(s):

• On Monday, March 31st, Sharat Sharan sold 39,196 shares of ON24 stock. The stock was sold at an average price of $5.23, for a total transaction of $204,995.08.

ON24 Trading Down 1.3 %

ONTF traded down $0.06 during trading hours on Monday, hitting $4.46. The company's stock had a trading volume of 114,690 shares, compared to its average volume of 140,768. ON24, Inc. has a 12 month low of $4.35 and a 12 month high of $7.04. The business's 50-day moving average price is $5.52 and its 200-day moving average price is $6.16. The stock has a market cap of $188.77 million, a price-to-earnings ratio of -4.29 and a beta of 0.55.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On ON24

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in shares of ON24 by 38.1% in the 4th 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 in the last quarter. Squarepoint Ops LLC increased its stake in ON24 by 56.6% during the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company's stock valued at $102,000 after purchasing an additional 5,713 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of ON24 by 25.6% in the fourth quarter. Wells Fargo & Company MN now owns 17,270 shares of the company's stock worth $112,000 after buying an additional 3,518 shares during the last quarter. R Squared Ltd acquired a new stake in shares of ON24 during the fourth quarter worth $153,000. Finally, FMR LLC increased its position in shares of ON24 by 45.0% in the 3rd quarter. FMR LLC now owns 27,483 shares of the company's stock valued at $168,000 after acquiring an additional 8,528 shares during the period. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

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.