Insider Selling: ON24, Inc. (NYSE:ONTF) CFO Sells 22,047 Shares of Stock

ON24, Inc. (NYSE:ONTF - Get Free Report) CFO Steven Vattuone sold 22,047 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $5.63, for a total transaction of $124,124.61. Following the transaction, the chief financial officer now directly owns 490,800 shares in the company, valued at $2,763,204. This trade represents a 4.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Steven Vattuone also recently made the following trade(s):

• On Monday, March 3rd, Steven Vattuone sold 8,283 shares of ON24 stock. The shares were sold at an average price of $5.57, for a total transaction of $46,136.31.
• On Thursday, February 20th, Steven Vattuone sold 3,094 shares of ON24 stock. The shares were sold at an average price of $6.38, for a total transaction of $19,739.72.
• On Wednesday, February 12th, Steven Vattuone sold 6,146 shares of ON24 stock. The shares were sold at an average price of $6.68, for a total transaction of $41,055.28.
• On Monday, February 10th, Steven Vattuone sold 1,879 shares of ON24 stock. The shares were sold at an average price of $6.85, for a total transaction of $12,871.15.
• On Tuesday, January 21st, Steven Vattuone sold 4,997 shares of ON24 stock. The stock was sold at an average price of $6.52, for a total transaction of $32,580.44.
• On Friday, January 17th, Steven Vattuone sold 1,022 shares of ON24 stock. The stock was sold at an average price of $6.50, for a total transaction of $6,643.00.
• On Wednesday, January 15th, Steven Vattuone sold 500 shares of ON24 stock. The shares were sold at an average price of $6.50, for a total transaction of $3,250.00.
• On Monday, January 6th, Steven Vattuone sold 6,624 shares of ON24 stock. The stock was sold at an average price of $6.68, for a total transaction of $44,248.32.
• On Friday, January 3rd, Steven Vattuone sold 18,376 shares of ON24 stock. The stock was sold at an average price of $6.59, for a total transaction of $121,097.84.
• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The shares were sold at an average price of $6.96, for a total transaction of $26,656.80.

ON24 Stock Performance

NYSE:ONTF traded up $0.01 during trading hours on Friday, hitting $5.75. The company's stock had a trading volume of 180,187 shares, compared to its average volume of 118,536. The business's 50-day moving average is $6.46 and its two-hundred day moving average is $6.39. The company has a market capitalization of $239.28 million, a PE ratio of -5.52 and a beta of 0.55. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $7.38.

Remove Ads

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of ON24 by 43.5% in the 4th quarter. JPMorgan Chase & Co. now owns 821,461 shares of the company's stock valued at $5,307,000 after purchasing an additional 249,045 shares in the last quarter. Bridgeway Capital Management LLC raised its position in shares of ON24 by 50.9% during the 4th 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 in the last quarter. BNP Paribas Financial Markets bought a new position in ON24 during the 4th quarter worth $777,000. P.A.W. Capital Corp bought a new position in ON24 during the 4th quarter worth $484,000. Finally, Norges Bank bought a new position in ON24 during the 4th quarter worth $428,000. Hedge funds and other institutional investors own 83.93% of the company's stock.

Analyst Upgrades and Downgrades

ONTF has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on shares of ON24 from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. William Blair reaffirmed a "market perform" rating on shares of ON24 in a report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a "hold" rating on shares of ON24 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.