ON24 (NYSE:ONTF) Receives Market Perform Rating from William Blair

William Blair restated their market perform rating on shares of ON24 (NYSE:ONTF - Free Report) in a research note issued to investors on Wednesday morning,RTT News reports.

ONTF has been the topic of a number of other reports. Needham & Company LLC restated a "hold" rating on shares of ON24 in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on ON24 from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday.

ON24 Stock Up 0.5 %

Shares of ON24 stock traded up $0.03 on Wednesday, reaching $5.59. The company's stock had a trading volume of 288,825 shares, compared to its average volume of 105,378. The company has a market capitalization of $232.83 million, a price-to-earnings ratio of -5.38 and a beta of 0.52. The firm's fifty day simple moving average is $6.55 and its two-hundred day simple moving average is $6.41. ON24 has a 52 week low of $5.37 and a 52 week high of $7.38.

Insider Activity at ON24

In related news, insider Jayesh Sahasi sold 5,047 shares of ON24 stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $7.00, for a total transaction of $35,329.00. Following the transaction, the insider now directly owns 692,045 shares in the company, valued at approximately $4,844,315. The trade was a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven Vattuone sold 7,538 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $6.69, for a total value of $50,429.22. Following the sale, the chief financial officer now directly owns 568,435 shares in the company, valued at approximately $3,802,830.15. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,637 shares of company stock worth $1,110,727. Corporate insiders own 32.30% of the company's stock.

Institutional Investors Weigh In On ON24

A number of institutional investors and hedge funds have recently bought and sold shares of ONTF. JPMorgan Chase & Co. raised its holdings in ON24 by 43.5% during the fourth quarter. JPMorgan Chase & Co. now owns 821,461 shares of the company's stock valued at $5,307,000 after acquiring an additional 249,045 shares during the period. Bridgeway Capital Management LLC raised its holdings in ON24 by 50.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 363,948 shares of the company's stock valued at $2,351,000 after acquiring an additional 122,700 shares during the period. BNP Paribas Financial Markets bought a new stake in ON24 during the fourth quarter valued at about $777,000. P.A.W. Capital Corp bought a new stake in ON24 during the fourth quarter valued at about $484,000. Finally, Norges Bank bought a new stake in ON24 during the fourth quarter valued at about $428,000. 83.93% of the stock is owned by institutional investors.

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.