ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 4,383 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 4,383 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $6.29, for a total transaction of $27,569.07. Following the completion of the sale, the chief financial officer now directly owns 583,591 shares in the company, valued at $3,670,787.39. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, September 11th, Steven Vattuone sold 7,094 shares of ON24 stock. The shares were sold at an average price of $5.86, for a total transaction of $41,570.84.
• On Monday, September 9th, Steven Vattuone sold 2,266 shares of ON24 stock. The shares were sold at an average price of $5.91, for a total transaction of $13,392.06.
• On Thursday, September 5th, Steven Vattuone sold 2,667 shares of ON24 stock. The shares were sold at an average price of $6.16, for a total transaction of $16,428.72.
• On Tuesday, September 3rd, Steven Vattuone sold 5,216 shares of ON24 stock. The shares were sold at an average price of $6.35, for a total transaction of $33,121.60.

ON24 Price Performance

Shares of NYSE ONTF opened at $6.43 on Friday. The firm’s 50-day simple moving average is $6.25 and its 200 day simple moving average is $6.16. The company has a market cap of $267.81 million, a price-to-earnings ratio of -6.18 and a beta of 0.46. ON24, Inc. has a 12-month low of $5.37 and a 12-month high of $8.35.

Analysts Set New Price Targets

Several brokerages have recently commented on ONTF. Needham & Company LLC restated a “hold” rating on shares of ON24 in a research note on Friday, November 8th. JPMorgan Chase & Co. reduced their target price on shares of ON24 from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in ON24 during the 3rd quarter worth about $62,000. Marshall Wace LLP bought a new stake in ON24 during the 2nd quarter worth about $72,000. The Manufacturers Life Insurance Company raised its holdings in ON24 by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after purchasing an additional 2,158 shares during the last quarter. Gladius Capital Management LP raised its holdings in ON24 by 151.2% during the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after purchasing an additional 13,755 shares during the last quarter. Finally, FMR LLC raised its holdings in ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after purchasing an additional 8,528 shares during the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

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.