ON24, Inc. (NYSE:ONTF) Insider Jayesh Sahasi Sells 4,089 Shares

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 4,089 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $6.29, for a total transaction of $25,719.81. Following the transaction, the insider now owns 713,460 shares of the company’s stock, valued at approximately $4,487,663.40. This trade represents a 0.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, September 9th, Jayesh Sahasi sold 1,941 shares of ON24 stock. The stock was sold at an average price of $5.91, for a total transaction of $11,471.31.
• On Thursday, September 5th, Jayesh Sahasi sold 2,285 shares of ON24 stock. The stock was sold at an average price of $6.16, for a total transaction of $14,075.60.
• On Tuesday, September 3rd, Jayesh Sahasi sold 4,468 shares of ON24 stock. The shares were sold at an average price of $6.35, for a total transaction of $28,371.80.

ON24 Stock Performance

Shares of NYSE ONTF opened at $6.43 on Monday. The company has a 50 day simple moving average of $6.25 and a 200-day simple moving average of $6.15. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35.

Analyst Ratings Changes

ONTF has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of ON24 from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Needham & Company LLC reiterated 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 made changes to their positions in ONTF. Acadian Asset Management LLC increased its holdings in shares of ON24 by 19.2% during the 2nd quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock worth $3,362,000 after buying an additional 90,058 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of ON24 by 12.9% during the 2nd quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after buying an additional 83,000 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of ON24 during the 2nd quarter worth approximately $427,000. Vanguard Group Inc. increased its holdings in shares of ON24 by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 2,443,583 shares of the company’s stock worth $17,447,000 after buying an additional 49,498 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of ON24 by 48.7% during 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. Institutional investors and hedge funds 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.