ON24, Inc. (NYSE:ONTF) CFO Sells $114,067.50 in Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 17,025 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $6.70, for a total value of $114,067.50. Following the completion of the transaction, the chief financial officer now directly owns 544,386 shares in the company, valued at approximately $3,647,386.20. This trade represents a 3.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The stock was sold at an average price of $6.96, for a total value of $26,656.80.
• 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 transaction of $28,303.47.
• On Wednesday, November 20th, Steven Vattuone sold 4,383 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total transaction of $27,569.07.

ON24 Stock Performance

NYSE:ONTF opened at $6.47 on Friday. The stock has a market capitalization of $269.48 million, a P/E ratio of -6.22 and a beta of 0.51. The company’s 50-day simple moving average is $6.47 and its 200-day simple moving average is $6.21. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $8.35.

Institutional Trading of ON24

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in ON24 by 14.5% in the second quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company’s stock valued at $590,000 after buying an additional 12,400 shares during the last quarter. Acadian Asset Management LLC boosted its stake in ON24 by 19.2% in the 2nd quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock worth $3,362,000 after purchasing an additional 90,058 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in ON24 by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock valued at $8,830,000 after purchasing an additional 22,577 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of ON24 by 12.9% in the second quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after buying an additional 83,000 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of ON24 during the second quarter valued at $72,000. Hedge funds and other institutional investors own 83.93% of the company’s stock.

Analysts Set New Price Targets

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

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.