ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 3,830 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 3,830 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $6.96, for a total transaction of $26,656.80. Following the completion of the transaction, the chief financial officer now directly owns 560,885 shares of the company’s stock, valued at approximately $3,903,759.60. This represents a 0.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 value of $114,067.50.
• On Wednesday, December 4th, Steven Vattuone sold 7,538 shares of ON24 stock. The stock was 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 shares were 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 stock was sold at an average price of $6.29, for a total value of $27,569.07.

ON24 Price Performance

NYSE ONTF opened at $6.51 on Thursday. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35. The company has a market capitalization of $271.15 million, a PE ratio of -6.26 and a beta of 0.51. The company has a fifty day moving average of $6.45 and a 200 day moving average of $6.21.

Hedge Funds Weigh In On ON24

Several institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of ON24 during the 3rd quarter valued at approximately $62,000. Marshall Wace LLP acquired a new stake in ON24 during the second quarter valued at $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 buying an additional 2,158 shares in the last quarter. Gladius Capital Management LP raised its position in shares of ON24 by 151.2% in 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, FMR LLC boosted its stake in shares of ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after acquiring an additional 8,528 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

Analyst Ratings Changes

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

ON24 Company 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.