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

ON24, Inc. (NYSE:ONTF - Get Free Report) insider Sharat Sharan sold 39,196 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $5.23, for a total value of $204,995.08. Following the transaction, the insider now directly owns 3,164,092 shares of the company's stock, valued at $16,548,201.16. This represents a 1.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

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

ON24 Stock Up 0.5 %

Shares of ONTF traded up $0.02 during mid-day trading on Friday, reaching $4.98. The company's stock had a trading volume of 233,983 shares, compared to its average volume of 141,108. The company has a market cap of $210.95 million, a price-to-earnings ratio of -4.79 and a beta of 0.55. The business has a fifty day moving average of $6.09 and a 200 day moving average of $6.29. ON24, Inc. has a 1 year low of $4.78 and a 1 year high of $7.29.

Institutional Trading of ON24

A number of hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC increased its stake in ON24 by 56.6% in the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company's stock valued at $102,000 after buying an additional 5,713 shares during the period. Two Sigma Investments LP increased its stake in shares of ON24 by 11.9% in the fourth quarter. Two Sigma Investments LP now owns 175,366 shares of the company's stock worth $1,133,000 after acquiring an additional 18,647 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of ON24 by 11.4% during the fourth quarter. Two Sigma Advisers LP now owns 256,900 shares of the company's stock worth $1,660,000 after acquiring an additional 26,200 shares in the last quarter. Millennium Management LLC boosted its position in ON24 by 84.8% during the fourth quarter. Millennium Management LLC now owns 142,387 shares of the company's stock valued at $920,000 after purchasing an additional 65,322 shares during the last quarter. Finally, Circumference Group LLC boosted its position in ON24 by 15.9% during the fourth quarter. Circumference Group LLC now owns 394,196 shares of the company's stock valued at $2,547,000 after purchasing an additional 54,000 shares during the last quarter. 83.93% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

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

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.