Dominique Trempont Sells 4,250 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 4,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $6.94, for a total transaction of $29,495.00. Following the sale, the director now owns 254,600 shares of the company’s stock, valued at approximately $1,766,924. This represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Dominique Trempont also recently made the following trade(s):

• On Wednesday, January 15th, Dominique Trempont sold 4,250 shares of ON24 stock. The stock was sold at an average price of $6.40, for a total transaction of $27,200.00.
• On Thursday, December 12th, Dominique Trempont sold 4,250 shares of ON24 stock. The shares were sold at an average price of $6.98, for a total transaction of $29,665.00.

ON24 Price Performance

Shares of ON24 stock opened at $6.12 on Friday. The firm has a market cap of $254.70 million, a price-to-earnings ratio of -5.88 and a beta of 0.52. The stock has a 50-day simple moving average of $6.63 and a 200-day simple moving average of $6.41. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $8.28.

Analysts Set New Price Targets

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

Institutional Trading of ON24

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of ON24 by 43.5% during the 4th quarter. JPMorgan Chase & Co. now owns 821,461 shares of the company’s stock worth $5,307,000 after purchasing an additional 249,045 shares during the last quarter. Bridgeway Capital Management LLC increased its position in ON24 by 50.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 363,948 shares of the company’s stock worth $2,351,000 after buying an additional 122,700 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in ON24 during the fourth quarter worth $777,000. P.A.W. Capital Corp bought a new position in ON24 during the fourth quarter valued at about $484,000. Finally, Norges Bank acquired a new stake in shares of ON24 in the fourth quarter worth about $428,000. 83.93% of the stock is currently owned by institutional investors and hedge funds.

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.