ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 18,376 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 18,376 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $6.59, for a total transaction of $121,097.84. Following the transaction, the chief financial officer now owns 544,386 shares in the company, valued at approximately $3,587,503.74. This trade represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, January 6th, Steven Vattuone sold 6,624 shares of ON24 stock. The stock was sold at an average price of $6.68, for a total value of $44,248.32.
• 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 transaction of $26,656.80.
• On Wednesday, December 18th, Steven Vattuone sold 17,025 shares of ON24 stock. The stock was sold at an average price of $6.70, for a total value 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 shares were 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 stock was sold at an average price of $6.29, for a total value of $27,569.07.

ON24 Trading Down 1.2 %

NYSE ONTF traded down $0.08 on Tuesday, reaching $6.56. The stock had a trading volume of 120,984 shares, compared to its average volume of 112,021. The company has a market capitalization of $273.23 million, a price-to-earnings ratio of -6.31 and a beta of 0.50. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35. The business has a 50 day moving average price of $6.53 and a 200 day moving average price of $6.29.

Wall Street Analysts Forecast Growth

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

Institutional Trading of ON24

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in ON24 during the third quarter worth about $62,000. Marshall Wace LLP acquired a new position in shares of ON24 in the 2nd quarter valued at $72,000. The Manufacturers Life Insurance Company lifted its stake in ON24 by 19.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after buying an additional 2,158 shares in the last quarter. Gladius Capital Management LP lifted its holdings 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 valued at $140,000 after purchasing an additional 13,755 shares in the last quarter. Finally, FMR LLC boosted its holdings in ON24 by 45.0% during the third 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.