ON24, Inc. (NYSE:ONTF) Director Dominique Trempont Sells 4,250 Shares of Stock

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 4,250 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $6.40, for a total transaction of $27,200.00. Following the sale, the director now directly owns 258,850 shares in the company, valued at $1,656,640. This trade represents a 1.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dominique Trempont also recently made the following trade(s):

• On Thursday, December 12th, Dominique Trempont sold 4,250 shares of ON24 stock. The shares were sold at an average price of $6.98, for a total value of $29,665.00.

ON24 Price Performance

ONTF stock opened at $6.42 on Friday. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $8.35. The company’s 50-day simple moving average is $6.56 and its 200-day simple moving average is $6.32.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “hold” rating on shares of ON24 in a research note on Wednesday.

Hedge Funds Weigh In On ON24

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in shares of ON24 by 12.9% in the second quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock valued at $4,366,000 after purchasing an additional 83,000 shares during the period. Barclays PLC boosted its holdings in ON24 by 48.7% in the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock worth $624,000 after buying an additional 33,352 shares during the last quarter. Jane Street Group LLC boosted its holdings in ON24 by 91.2% in the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock worth $374,000 after buying an additional 29,148 shares during the last quarter. FMR LLC increased its stake 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 buying an additional 8,528 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of ON24 by 8.8% during the second quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company’s stock valued at $395,000 after acquiring an additional 5,337 shares during the last quarter. Hedge funds and other institutional investors own 83.93% of the company’s stock.

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.