Insider Selling: ON24, Inc. (NYSE:ONTF) CFO Sells 3,094 Shares of Stock

ON24, Inc. (NYSE:ONTF - Get Free Report) CFO Steven Vattuone sold 3,094 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.38, for a total value of $19,739.72. Following the completion of the transaction, the chief financial officer now owns 531,292 shares in the company, valued at $3,389,642.96. The trade was a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, February 12th, Steven Vattuone sold 6,146 shares of ON24 stock. The stock was 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 shares were sold at an average price of $6.52, for a total value 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 value of $6,643.00.
• On Wednesday, January 15th, Steven Vattuone sold 500 shares of ON24 stock. The stock was sold at an average price of $6.50, for a total value of $3,250.00.
• On Monday, January 6th, Steven Vattuone sold 6,624 shares of ON24 stock. The shares were sold at an average price of $6.68, for a total value 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 value 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.
• On Wednesday, December 18th, Steven Vattuone sold 17,025 shares of ON24 stock. The stock was sold at an average price of $6.70, for a total transaction of $114,067.50.
• On Wednesday, December 4th, Steven Vattuone sold 7,538 shares of ON24 stock. The shares were sold at an average price of $6.69, for a total transaction of $50,429.22.

ON24 Price Performance

NYSE:ONTF traded down $0.01 during trading hours on Tuesday, reaching $6.09. 135,459 shares of the stock were exchanged, compared to its average volume of 95,166. The stock has a market cap of $253.45 million, a PE ratio of -5.85 and a beta of 0.52. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $7.48. The firm has a 50 day moving average of $6.62 and a 200 day moving average of $6.42.

ON24 (NYSE:ONTF - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.22). ON24 had a negative return on equity of 23.10% and a negative net margin of 28.63%. Equities research analysts anticipate that ON24, Inc. will post -0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reissued a "hold" rating on shares of ON24 in a research note on Wednesday, January 15th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of ON24 during the 3rd quarter worth approximately $62,000. Gladius Capital Management LP raised its position in ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company's stock worth $140,000 after acquiring an additional 13,755 shares in the last quarter. FMR LLC raised its position in ON24 by 45.0% during the third quarter. FMR LLC now owns 27,483 shares of the company's stock worth $168,000 after acquiring an additional 8,528 shares in the last quarter. Jane Street Group LLC lifted its stake in ON24 by 91.2% in the third quarter. Jane Street Group LLC now owns 61,122 shares of the company's stock valued at $374,000 after acquiring an additional 29,148 shares during the last quarter. Finally, Barclays PLC grew its position in shares of ON24 by 48.7% in the 3rd quarter. Barclays PLC now owns 101,837 shares of the company's stock valued at $624,000 after acquiring an additional 33,352 shares during the period. 83.93% of the stock is currently 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.