Insider Selling: ON24, Inc. (NYSE:ONTF) Insider Sells 3,315 Shares of Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 3,315 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.38, for a total value of $21,149.70. Following the completion of the sale, the insider now directly owns 691,970 shares in the company, valued at $4,414,768.60. This represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jayesh Sahasi also recently made the following trade(s):

• On Monday, February 10th, Jayesh Sahasi sold 1,637 shares of ON24 stock. The stock was sold at an average price of $6.85, for a total value of $11,213.45.
• On Monday, December 16th, Jayesh Sahasi sold 1,100 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $7,700.00.
• On Thursday, December 12th, Jayesh Sahasi sold 5,047 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $35,329.00.
• On Tuesday, December 10th, Jayesh Sahasi sold 100 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $700.00.
• On Wednesday, December 4th, Jayesh Sahasi sold 6,457 shares of ON24 stock. The stock was sold at an average price of $6.69, for a total value of $43,197.33.
• On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The stock was sold at an average price of $6.63, for a total value of $24,239.28.

ON24 Price Performance

Shares of ONTF traded down $0.24 during trading hours on Friday, reaching $6.12. 113,357 shares of the company’s stock traded hands, compared to its average volume of 92,258. The firm has a market capitalization of $254.70 million, a price-to-earnings ratio of -5.88 and a beta of 0.52. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.28. The business’s fifty day simple moving average is $6.63 and its two-hundred day simple moving average is $6.41.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Squarepoint Ops LLC increased its holdings in shares of ON24 by 56.6% during the fourth quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock valued at $102,000 after purchasing an additional 5,713 shares during the period. Two Sigma Investments LP increased its holdings in shares of ON24 by 11.9% during the fourth quarter. Two Sigma Investments LP now owns 175,366 shares of the company’s stock valued at $1,133,000 after purchasing an additional 18,647 shares during the period. Two Sigma Advisers LP boosted its stake in ON24 by 11.4% during the fourth quarter. Two Sigma Advisers LP now owns 256,900 shares of the company’s stock valued at $1,660,000 after buying an additional 26,200 shares in the last quarter. Millennium Management LLC boosted its stake in ON24 by 84.8% during the fourth quarter. Millennium Management LLC now owns 142,387 shares of the company’s stock valued at $920,000 after buying an additional 65,322 shares in the last quarter. Finally, Circumference Group LLC boosted its stake in ON24 by 15.9% during the fourth quarter. Circumference Group LLC now owns 394,196 shares of the company’s stock valued at $2,547,000 after buying an additional 54,000 shares in the last quarter. 83.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research report on Wednesday, January 15th.

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.