Horrell Capital Management Inc. Has $2.55 Million Position in ON24, Inc. (NYSE:ONTF)

Horrell Capital Management Inc. grew its holdings in ON24, Inc. (NYSE:ONTF - Free Report) by 15.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 394,196 shares of the company's stock after acquiring an additional 54,000 shares during the period. Horrell Capital Management Inc. owned 0.95% of ON24 worth $2,547,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ONTF. Charles Schwab Investment Management Inc. lifted its stake in shares of ON24 by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 285,071 shares of the company's stock valued at $1,842,000 after purchasing an additional 2,189 shares during the last quarter. SG Americas Securities LLC raised its holdings in ON24 by 38.1% during the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company's stock valued at $91,000 after buying an additional 3,891 shares in the last quarter. FMR LLC lifted its position in shares of ON24 by 45.0% in the third quarter. FMR LLC now owns 27,483 shares of the company's stock worth $168,000 after buying an additional 8,528 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of ON24 by 39.2% during the 4th quarter. American Century Companies Inc. now owns 31,162 shares of the company's stock worth $201,000 after acquiring an additional 8,776 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of ON24 by 13.6% during the 4th quarter. Bank of New York Mellon Corp now owns 85,356 shares of the company's stock valued at $551,000 after acquiring an additional 10,192 shares during the last quarter. Institutional investors and hedge funds own 83.93% of the company's stock.

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Insider Buying and Selling at ON24

In other ON24 news, insider Jayesh Sahasi sold 35,564 shares of ON24 stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $5.48, for a total transaction of $194,890.72. Following the completion of the transaction, the insider now directly owns 644,989 shares of the company's stock, valued at approximately $3,534,539.72. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Lake Lp Lynrock bought 38,022 shares of the stock in a transaction dated Friday, March 14th. The stock was purchased at an average cost of $5.79 per share, for a total transaction of $220,147.38. Following the acquisition, the insider now owns 7,659,474 shares in the company, valued at $44,348,354.46. The trade was a 0.50 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 206,529 shares of company stock valued at $1,174,541 and have sold 184,617 shares valued at $1,111,394. Insiders own 32.30% of the company's stock.

ON24 Stock Performance

Shares of ON24 stock traded down $0.24 during trading on Friday, reaching $5.36. The company's stock had a trading volume of 179,782 shares, compared to its average volume of 141,800. ON24, Inc. has a one year low of $5.22 and a one year high of $7.29. The firm has a market cap of $226.65 million, a price-to-earnings ratio of -5.15 and a beta of 0.55. The business's fifty day moving average price is $6.19 and its 200-day moving average price is $6.32.

Analysts Set New Price Targets

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

ON24 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.