Insider Selling: ON24, Inc. (NYSE:ONTF) CFO Sells 3,830 Shares of Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 3,830 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $6.96, for a total transaction of $26,656.80. Following the completion of the sale, the chief financial officer now owns 560,885 shares of the company’s stock, valued at $3,903,759.60. This trade represents a 0.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, December 18th, Steven Vattuone sold 17,025 shares of ON24 stock. The shares were sold at an average price of $6.70, for a total transaction of $114,067.50.
• On Wednesday, December 4th, Steven Vattuone sold 7,538 shares of ON24 stock. The shares were sold at an average price of $6.69, for a total value of $50,429.22.
• On Monday, December 2nd, Steven Vattuone sold 4,269 shares of ON24 stock. The stock was sold at an average price of $6.63, for a total value of $28,303.47.
• On Wednesday, November 20th, Steven Vattuone sold 4,383 shares of ON24 stock. The stock was sold at an average price of $6.29, for a total transaction of $27,569.07.

ON24 Stock Performance

Shares of ON24 stock traded down $0.17 during midday trading on Wednesday, hitting $6.51. 194,739 shares of the company traded hands, compared to its average volume of 170,847. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $8.35. The stock has a market cap of $271.15 million, a price-to-earnings ratio of -6.26 and a beta of 0.51. The firm’s fifty day moving average price is $6.45 and its 200-day moving average price is $6.21.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “hold” rating on shares of ON24 in a research note on Friday, November 8th.

Institutional Inflows and Outflows

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