ON24, Inc. (NYSE:ONTF) CFO Sells $27,569.07 in Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 4,383 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $6.29, for a total value of $27,569.07. Following the completion of the sale, the chief financial officer now directly owns 583,591 shares in the company, valued at $3,670,787.39. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, September 11th, Steven Vattuone sold 7,094 shares of ON24 stock. The stock was sold at an average price of $5.86, for a total transaction of $41,570.84.
• On Monday, September 9th, Steven Vattuone sold 2,266 shares of ON24 stock. The shares were sold at an average price of $5.91, for a total transaction of $13,392.06.
• On Thursday, September 5th, Steven Vattuone sold 2,667 shares of ON24 stock. The shares were sold at an average price of $6.16, for a total transaction of $16,428.72.
• On Tuesday, September 3rd, Steven Vattuone sold 5,216 shares of ON24 stock. The stock was sold at an average price of $6.35, for a total transaction of $33,121.60.

ON24 Price Performance

NYSE:ONTF opened at $6.43 on Friday. ON24, Inc. has a one year low of $5.37 and a one year high of $8.35. The company has a market cap of $267.82 million, a PE ratio of -6.18 and a beta of 0.46. The firm’s 50 day simple moving average is $6.25 and its 200 day simple moving average is $6.15.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on ON24 from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a report on Friday, November 8th.

Hedge Funds Weigh In On ON24

Several large investors have recently modified their holdings of ONTF. Vanguard Group Inc. increased its holdings in ON24 by 2.1% in the first quarter. Vanguard Group Inc. now owns 2,443,583 shares of the company’s stock valued at $17,447,000 after purchasing an additional 49,498 shares during the period. Quadrature Capital Ltd grew its position in shares of ON24 by 8.9% in the 1st quarter. Quadrature Capital Ltd now owns 29,353 shares of the company’s stock valued at $209,000 after buying an additional 2,401 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of ON24 by 14.5% in the second quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company’s stock valued at $590,000 after buying an additional 12,400 shares during the period. Acadian Asset Management LLC raised its position in shares of ON24 by 19.2% during the second quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock worth $3,362,000 after acquiring an additional 90,058 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position 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 worth $8,830,000 after acquiring an additional 22,577 shares during the last quarter. Institutional investors own 83.93% of the company’s stock.

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.