ON24 (ONTF) to Release Earnings on Tuesday

ON24 (NYSE:ONTF) is projected to release its earnings data after the market closes on Tuesday, February 25th. Analysts expect ON24 to post earnings of $0.02 per share and revenue of $35.87 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

ON24 Price Performance

Shares of ON24 stock opened at $6.12 on Monday. The firm has a market cap of $254.69 million, a price-to-earnings ratio of -5.88 and a beta of 0.52. The stock’s 50-day moving average is $6.63 and its 200-day moving average is $6.42. ON24 has a one year low of $5.37 and a one year high of $8.28.

Analyst Upgrades and Downgrades

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

Insider Activity at ON24

In other ON24 news, CFO Steven Vattuone sold 7,538 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $6.69, for a total transaction of $50,429.22. Following the transaction, the chief financial officer now owns 568,435 shares of the company’s stock, valued at $3,802,830.15. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dominique Trempont sold 4,250 shares of the business’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 value of $29,495.00. Following the transaction, the director now directly owns 254,600 shares in the company, valued at approximately $1,766,924. This trade represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,637 shares of company stock valued at $1,110,727. 32.30% of the stock is owned by insiders.

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.