Steven Vattuone Sells 6,624 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 6,624 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $6.68, for a total transaction of $44,248.32. Following the completion of the transaction, the chief financial officer now directly owns 544,386 shares in the company, valued at $3,636,498.48. This trade represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, January 3rd, Steven Vattuone sold 18,376 shares of ON24 stock. The stock was sold at an average price of $6.59, for a total transaction of $121,097.84.
• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The shares were sold at an average price of $6.96, for a total value 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 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 NYSE ONTF opened at $6.57 on Thursday. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $8.35. The stock has a market cap of $273.65 million, a PE ratio of -6.32 and a beta of 0.50. The stock has a fifty day moving average of $6.54 and a 200-day moving average of $6.30.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ONTF. SG Americas Securities LLC purchased a new stake in shares of ON24 in the third quarter worth about $62,000. Marshall Wace LLP purchased a new stake in ON24 in the 2nd quarter worth approximately $72,000. The Manufacturers Life Insurance Company lifted its stake in ON24 by 19.1% in 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 in the last quarter. Gladius Capital Management LP boosted its holdings in ON24 by 151.2% in the 3rd 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 during the period. Finally, FMR LLC grew its position in shares of ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after purchasing an additional 8,528 shares in the last quarter. Hedge funds and other 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.