Quadrature Capital Ltd Sells 38,375 Shares of ON24, Inc. (NYSE:ONTF)

Quadrature Capital Ltd trimmed its position in shares of ON24, Inc. (NYSE:ONTF) by 69.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,971 shares of the company’s stock after selling 38,375 shares during the period. Quadrature Capital Ltd’s holdings in ON24 were worth $104,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of ON24 by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock valued at $8,830,000 after purchasing an additional 22,577 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of ON24 by 12.9% during the second quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock valued at $4,366,000 after acquiring an additional 83,000 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of ON24 by 19.2% in the 2nd quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock worth $3,362,000 after purchasing an additional 90,058 shares during the last quarter. Bank of New York Mellon Corp grew its position in ON24 by 14.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company’s stock valued at $590,000 after purchasing an additional 12,400 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of ON24 in the second quarter worth approximately $427,000. 83.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, insider Sharat Sharan sold 17,750 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $6.13, for a total value of $108,807.50. Following the completion of the sale, the insider now directly owns 3,069,728 shares of the company’s stock, valued at approximately $18,817,432.64. This represents a 0.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Steven Vattuone sold 4,383 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $6.29, for a total transaction of $27,569.07. Following the completion of the sale, the chief financial officer now directly owns 583,591 shares of the company’s stock, valued at approximately $3,670,787.39. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,686 shares of company stock valued at $694,459. 32.30% of the stock is owned by insiders.

ON24 Price Performance

ONTF stock opened at $6.97 on Friday. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35. The company has a market cap of $290.31 million, a P/E ratio of -6.70 and a beta of 0.51. The stock’s fifty day moving average price is $6.40 and its 200-day moving average price is $6.18.

ON24 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.