Insider Selling: ON24, Inc. (NYSE:ONTF) CFO Sells $44,248.32 in Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 6,624 shares of ON24 stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $6.68, for a total value of $44,248.32. Following the sale, the chief financial officer now directly owns 544,386 shares of the company’s stock, valued at $3,636,498.48. This trade represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, January 3rd, Steven Vattuone sold 18,376 shares of ON24 stock. The stock was sold at an average price of $6.59, for a total value of $121,097.84.
• 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 transaction of $114,067.50.
• On Wednesday, December 4th, Steven Vattuone sold 7,538 shares of ON24 stock. The shares were 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 value of $27,569.07.

ON24 Stock Performance

Shares of ON24 stock opened at $6.57 on Friday. The company 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 1 year low of $5.37 and a 1 year high of $8.35. The company’s fifty day moving average is $6.55 and its two-hundred day moving average is $6.30.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On ON24

A number of hedge funds and other institutional investors have recently made changes to their positions in ONTF. Acadian Asset Management LLC raised its stake in 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 last quarter. Renaissance Technologies LLC raised its stake in shares of 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 during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of ON24 during the second quarter worth $427,000. Barclays PLC grew its position in ON24 by 48.7% in the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after buying an additional 33,352 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in ON24 by 91.2% in the 3rd 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 during the period. Hedge funds and other 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.