Insider Selling: ON24, Inc. (NYSE:ONTF) Director Sells 4,250 Shares of Stock

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 4,250 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $6.98, for a total transaction of $29,665.00. Following the transaction, the director now owns 263,100 shares in the company, valued at approximately $1,836,438. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

ON24 Stock Performance

ONTF opened at $6.51 on Thursday. The firm has a market cap of $271.15 million, a PE ratio of -6.26 and a beta of 0.51. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.35. The firm’s fifty day moving average is $6.45 and its two-hundred day moving average is $6.21.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On ON24

A number of hedge funds have recently modified their holdings of ONTF. Bank of New York Mellon Corp boosted its position in shares of ON24 by 14.5% during the second quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company’s stock worth $590,000 after buying an additional 12,400 shares during the period. Acadian Asset Management LLC grew its stake 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 acquiring an additional 90,058 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ON24 by 1.6% during the 2nd 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 in the last quarter. Renaissance Technologies LLC lifted its position in shares of ON24 by 12.9% in 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. Finally, Marshall Wace LLP acquired a new position in ON24 during the second quarter worth $72,000. Institutional investors and hedge funds 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.