Jayesh Sahasi Sells 1,637 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 1,637 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $6.85, for a total transaction of $11,213.45. Following the completion of the sale, the insider now directly owns 696,957 shares of the company’s stock, valued at approximately $4,774,155.45. This trade represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jayesh Sahasi also recently made the following trade(s):

• On Monday, December 16th, Jayesh Sahasi sold 1,100 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total transaction of $7,700.00.
• On Thursday, December 12th, Jayesh Sahasi sold 5,047 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total transaction of $35,329.00.
• On Tuesday, December 10th, Jayesh Sahasi sold 100 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total transaction of $700.00.
• On Wednesday, December 4th, Jayesh Sahasi sold 6,457 shares of ON24 stock. The shares were sold at an average price of $6.69, for a total transaction of $43,197.33.
• On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The shares were sold at an average price of $6.63, for a total transaction of $24,239.28.
• On Wednesday, November 20th, Jayesh Sahasi sold 4,089 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total transaction of $25,719.81.

ON24 Stock Performance

NYSE ONTF opened at $6.68 on Thursday. ON24, Inc. has a one year low of $5.37 and a one year high of $8.35. The firm’s fifty day moving average is $6.65 and its two-hundred day moving average is $6.39.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in ON24 in the third quarter valued at $62,000. Marshall Wace LLP acquired a new position in shares of ON24 during the second quarter worth about $72,000. The Manufacturers Life Insurance Company increased its stake in shares of ON24 by 19.1% during the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after acquiring an additional 2,158 shares during the period. Gladius Capital Management LP increased its stake in shares of ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after acquiring an additional 13,755 shares during the period. Finally, R Squared Ltd acquired a new position in shares of ON24 during the fourth quarter worth about $153,000. 83.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.