ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 4,997 Shares of Stock

Posted by Tyrone Williams on Jan 24th, 2025

ON24, Inc. (NYSE:ONTF – Get Free Report) CFO Steven Vattuone sold 4,997 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $6.52, for a total value of $32,580.44. Following the completion of the sale, the chief financial officer now owns 537,867 shares of the company’s stock, valued at approximately $3,506,892.84. This trade represents a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

On Friday, January 17th, Steven Vattuone sold 1,022 shares of ON24 stock. The shares were sold at an average price of $6.50, for a total value of $6,643.00.
On Wednesday, January 15th, Steven Vattuone sold 500 shares of ON24 stock. The stock was sold at an average price of $6.50, for a total value of $3,250.00.
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 transaction of $44,248.32.
On Friday, January 3rd, Steven Vattuone sold 18,376 shares of ON24 stock. The shares were 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 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 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 shares were sold at an average price of $6.29, for a total value of $27,569.07.

ON24 Stock Up 0.7 %

NYSE ONTF opened at $6.55 on Friday. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $8.35. The firm’s fifty day moving average price is $6.55 and its two-hundred day moving average price is $6.34.

ON24 (NYSE:ONTF – Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.26) earnings per share for the quarter. The firm had revenue of $36.33 million for the quarter, compared to the consensus estimate of $35.55 million. ON24 had a negative return on equity of 23.10% and a negative net margin of 28.63%. During the same quarter in the prior year, the firm earned ($0.23) EPS. As a group, sell-side analysts expect that ON24, Inc. will post -0.81 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “hold” rating on shares of ON24 in a report on Wednesday, January 15th.

Read Our Latest Research Report on ONTF

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in ON24 during the 3rd quarter worth approximately $62,000. Marshall Wace LLP bought a new stake in shares of ON24 in the second quarter worth $72,000. The Manufacturers Life Insurance Company increased its holdings 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 purchasing an additional 2,158 shares during the period. Gladius Capital Management LP raised its position in ON24 by 151.2% during the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after purchasing an additional 13,755 shares during the last quarter. Finally, R Squared Ltd bought a new position in ON24 during the 4th quarter worth $153,000. Institutional investors and hedge funds own 83.93% of the company’s stock.

ON24 Company Profile

(Get Free Report)

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.