ON24, Inc. (NYSE:ONTF – Get Free Report) insider Jayesh Sahasi sold 1,800 shares of ON24 stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $6.00, for a total value of $10,800.00. Following the completion of the sale, the insider now owns 754,247 shares of the company’s stock, valued at approximately $4,525,482. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Jayesh Sahasi also recently made the following trade(s):
- On Monday, July 1st, Jayesh Sahasi sold 3 shares of ON24 stock. The stock was sold at an average price of $6.00, for a total transaction of $18.00.
- On Wednesday, June 5th, Jayesh Sahasi sold 3,634 shares of ON24 stock. The stock was sold at an average price of $5.81, for a total transaction of $21,113.54.
- On Monday, June 3rd, Jayesh Sahasi sold 2,680 shares of ON24 stock. The shares were sold at an average price of $5.78, for a total value of $15,490.40.
ON24 Price Performance
ON24 stock opened at $5.96 on Thursday. The firm has a fifty day moving average of $6.11 and a 200-day moving average of $6.86. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $9.09.
Institutional Investors Weigh In On ON24
Several institutional investors and hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP purchased a new stake in shares of ON24 during the 4th quarter valued at about $71,000. Public Employees Retirement System of Ohio raised its stake in shares of ON24 by 124.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 15,528 shares of the company’s stock valued at $122,000 after purchasing an additional 8,600 shares during the period. Quadrature Capital Ltd lifted its position in shares of ON24 by 8.9% during the first quarter. Quadrature Capital Ltd now owns 29,353 shares of the company’s stock worth $209,000 after purchasing an additional 2,401 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of ON24 in the fourth quarter valued at $375,000. Finally, Quest Partners LLC acquired a new stake in ON24 during the 4th quarter valued at $440,000. Hedge funds and other institutional investors own 83.93% of the company’s stock.
Analyst Ratings Changes
Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research note on Friday, May 17th.
View Our Latest Analysis on ONTF
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.
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