ON24, Inc. (NYSE:ONTF) Insider Jayesh Sahasi Sells 1,637 Shares of Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 1,637 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $6.85, for a total transaction of $11,213.45. Following the sale, the insider now directly owns 696,957 shares in the company, valued at $4,774,155.45. This trade represents a 0.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Jayesh Sahasi also recently made the following trade(s):

• On Monday, December 16th, Jayesh Sahasi sold 1,100 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $7,700.00.
• On Thursday, December 12th, Jayesh Sahasi sold 5,047 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total transaction of $35,329.00.
• On Tuesday, December 10th, Jayesh Sahasi sold 100 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total transaction of $700.00.
• On Wednesday, December 4th, Jayesh Sahasi sold 6,457 shares of ON24 stock. The shares were sold at an average price of $6.69, for a total transaction of $43,197.33.
• On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The stock was sold at an average price of $6.63, for a total value of $24,239.28.
• On Wednesday, November 20th, Jayesh Sahasi sold 4,089 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total value of $25,719.81.

ON24 Price Performance

NYSE:ONTF opened at $6.72 on Wednesday. ON24, Inc. has a one year low of $5.37 and a one year high of $8.35. The firm has a market capitalization of $279.68 million, a P/E ratio of -6.46 and a beta of 0.52. The company’s 50-day simple moving average is $6.65 and its 200 day simple moving average is $6.39.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On ON24

Institutional investors have recently modified their holdings of the stock. Horrell Capital Management Inc. raised its position in ON24 by 15.9% in the 4th quarter. Horrell Capital Management Inc. now owns 394,196 shares of the company’s stock worth $2,547,000 after buying an additional 54,000 shares during the last quarter. American Century Companies Inc. raised its stake in shares of ON24 by 39.2% in the fourth quarter. American Century Companies Inc. now owns 31,162 shares of the company’s stock worth $201,000 after buying an additional 8,776 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of ON24 by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 285,071 shares of the company’s stock valued at $1,842,000 after purchasing an additional 2,189 shares during the period. Bank of New York Mellon Corp raised its stake in ON24 by 13.6% during the 4th quarter. Bank of New York Mellon Corp now owns 85,356 shares of the company’s stock valued at $551,000 after purchasing an additional 10,192 shares during the period. Finally, P.A.W. Capital Corp bought a new stake in shares of ON24 during the fourth quarter valued at approximately $484,000. 83.93% of the stock is owned by hedge funds and other 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.