ON24, Inc. (NYSE:ONTF) Insider Sharat Sharan Sells 39,196 Shares

ON24, Inc. (NYSE:ONTF - Get Free Report) insider Sharat Sharan sold 39,196 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $5.23, for a total transaction of $204,995.08. Following the sale, the insider now directly owns 3,164,092 shares of the company's stock, valued at approximately $16,548,201.16. This represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, January 13th, Sharat Sharan sold 36,189 shares of ON24 stock. The stock was sold at an average price of $6.20, for a total transaction of $224,371.80.

ON24 Price Performance

Shares of NYSE ONTF traded up $0.02 during midday trading on Friday, reaching $4.98. 233,983 shares of the stock traded hands, compared to its average volume of 140,939. The company's 50 day moving average is $6.05 and its 200 day moving average is $6.29. ON24, Inc. has a one year low of $4.78 and a one year high of $7.29. The stock has a market capitalization of $210.95 million, a PE ratio of -4.79 and a beta of 0.55.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. William Blair restated a "market perform" rating on shares of ON24 in a research report on Wednesday, February 26th. Needham & Company LLC reissued a "hold" rating on shares of ON24 in a report on Wednesday, February 26th. Finally, 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 research note on Wednesday, February 26th.

Hedge Funds Weigh In On ON24

Several institutional investors have recently bought and sold shares of ONTF. Barclays PLC raised its position in shares of ON24 by 48.7% during the 3rd quarter. Barclays PLC now owns 101,837 shares of the company's stock valued at $624,000 after buying an additional 33,352 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of ON24 by 91.2% in the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company's stock worth $374,000 after purchasing an additional 29,148 shares during the period. P.A.W. Capital Corp bought a new position in shares of ON24 during the 4th quarter valued at approximately $484,000. FMR LLC raised its holdings in ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company's stock valued at $168,000 after buying an additional 8,528 shares during the period. Finally, SG Americas Securities LLC lifted its position in ON24 by 38.1% in the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company's stock worth $91,000 after buying an additional 3,891 shares during the last quarter. Institutional investors own 83.93% of the company's stock.

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.