ON24, Inc. (NYSE:ONTF – Get Free Report) CFO Steven Vattuone sold 2,667 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $6.16, for a total value of $16,428.72. Following the completion of the transaction, the chief financial officer now directly owns 556,172 shares in the company, valued at $3,426,019.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Steven Vattuone also recently made the following trade(s):
- 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 value of $13,392.06.
- 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 value of $33,121.60.
ON24 Price Performance
Shares of ONTF stock traded down $0.07 during mid-day trading on Monday, hitting $5.84. The company had a trading volume of 115,632 shares, compared to its average volume of 191,159. The stock’s 50 day moving average price is $6.21 and its 200-day moving average price is $6.39. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $8.35. The company has a market capitalization of $242.54 million, a P/E ratio of -5.62 and a beta of 0.47.
Institutional Investors Weigh In On ON24
Large investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC bought a new stake in shares of ON24 in the 4th quarter worth about $375,000. Trexquant Investment LP bought a new position in shares of ON24 during the 4th quarter valued at approximately $577,000. Quest Partners LLC purchased a new stake in ON24 during the 4th quarter valued at $440,000. Circumference Group LLC bought a new stake in ON24 in the fourth quarter worth $2,303,000. Finally, Horrell Capital Management Inc. boosted its stake in ON24 by 32.5% during the first quarter. Horrell Capital Management Inc. now owns 387,196 shares of the company’s stock worth $2,765,000 after buying an additional 95,000 shares during the period. Institutional investors own 83.93% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of ON24 from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Needham & Company LLC reissued a “hold” rating on shares of ON24 in a report on Wednesday, August 7th.
Check Out Our Latest Stock Analysis on ONTF
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.
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