Insider Selling: ON24, Inc. (NYSE:ONTF) CFO Sells 18,376 Shares of Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 18,376 shares of ON24 stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $6.59, for a total value of $121,097.84. Following the transaction, the chief financial officer now owns 544,386 shares of the company’s stock, valued at $3,587,503.74. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 value of $44,248.32.
• 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 value of $26,656.80.
• On Wednesday, December 18th, Steven Vattuone sold 17,025 shares of ON24 stock. The shares were 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 stock was sold at an average price of $6.69, for a total transaction of $50,429.22.
• On Monday, December 2nd, Steven Vattuone sold 4,269 shares of ON24 stock. The shares were sold at an average price of $6.63, for a total transaction of $28,303.47.
• On Wednesday, November 20th, Steven Vattuone sold 4,383 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total value of $27,569.07.

ON24 Price Performance

Shares of ONTF stock opened at $6.57 on Thursday. The firm’s 50-day simple moving average is $6.54 and its 200-day simple moving average is $6.30. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $8.35. The firm has a market cap of $273.65 million, a P/E ratio of -6.32 and a beta of 0.50.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research report on Friday, November 8th.

Hedge Funds Weigh In On ON24

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in shares of ON24 by 14.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company’s stock valued at $590,000 after buying an additional 12,400 shares during the period. Acadian Asset Management LLC boosted its holdings in ON24 by 19.2% in the second quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock valued at $3,362,000 after acquiring an additional 90,058 shares during the last quarter. Dimensional Fund Advisors LP grew its position in ON24 by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock valued at $8,830,000 after acquiring an additional 22,577 shares during the period. Renaissance Technologies LLC increased its stake in ON24 by 12.9% during the second quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after acquiring an additional 83,000 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of ON24 in the 2nd quarter worth about $72,000. Hedge funds and other 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.