Steven Vattuone Sells 18,376 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 18,376 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $6.59, for a total value of $121,097.84. Following the transaction, the chief financial officer now directly owns 544,386 shares in the company, valued at approximately $3,587,503.74. This represents a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value of $44,248.32.
• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The shares were sold at an average price of $6.96, for a total value of $26,656.80.
• On Wednesday, December 18th, Steven Vattuone sold 17,025 shares of ON24 stock. The stock was 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 transaction 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 transaction 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 transaction of $27,569.07.

ON24 Stock Performance

Shares of NYSE ONTF opened at $6.57 on Thursday. The company’s fifty day moving average is $6.54 and its two-hundred day moving average is $6.30. The firm has a market capitalization of $273.65 million, a P/E ratio of -6.32 and a beta of 0.50. ON24, Inc. has a one year low of $5.37 and a one year high of $8.35.

Wall Street Analysts Forecast Growth

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

Institutional Trading of ON24

Institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its position 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 valued at $3,362,000 after acquiring an additional 90,058 shares during the period. Renaissance Technologies LLC boosted its position in ON24 by 12.9% during the second quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after purchasing an additional 83,000 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in ON24 in the second quarter valued at $427,000. Barclays PLC increased its position in shares of ON24 by 48.7% in the third quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after buying an additional 33,352 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of ON24 by 91.2% in the third quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock valued at $374,000 after buying an additional 29,148 shares in the last quarter. Hedge funds and other institutional investors 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.