ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 22,047 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 22,047 shares of ON24 stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $5.63, for a total transaction of $124,124.61. Following the completion of the sale, the chief financial officer now owns 490,800 shares of the company’s stock, valued at approximately $2,763,204. This trade represents a 4.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, March 3rd, Steven Vattuone sold 8,283 shares of ON24 stock. The stock was sold at an average price of $5.57, for a total transaction of $46,136.31.
• On Thursday, February 20th, Steven Vattuone sold 3,094 shares of ON24 stock. The stock was sold at an average price of $6.38, for a total transaction of $19,739.72.
• On Wednesday, February 12th, Steven Vattuone sold 6,146 shares of ON24 stock. The stock was sold at an average price of $6.68, for a total transaction of $41,055.28.
• On Monday, February 10th, Steven Vattuone sold 1,879 shares of ON24 stock. The stock was sold at an average price of $6.85, for a total transaction of $12,871.15.
• On Tuesday, January 21st, Steven Vattuone sold 4,997 shares of ON24 stock. The stock was sold at an average price of $6.52, for a total transaction of $32,580.44.
• On Friday, January 17th, Steven Vattuone sold 1,022 shares of ON24 stock. The stock was sold at an average price of $6.50, for a total transaction of $6,643.00.
• On Wednesday, January 15th, Steven Vattuone sold 500 shares of ON24 stock. The stock was sold at an average price of $6.50, for a total transaction of $3,250.00.
• On Monday, January 6th, Steven Vattuone sold 6,624 shares of ON24 stock. The stock was sold at an average price of $6.68, for a total transaction of $44,248.32.
• 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 transaction of $121,097.84.
• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The stock was sold at an average price of $6.96, for a total transaction of $26,656.80.

ON24 Stock Performance

Shares of ONTF opened at $5.67 on Thursday. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $7.38. The company has a market cap of $235.95 million, a price-to-earnings ratio of -5.45 and a beta of 0.55. The firm has a fifty day moving average of $6.49 and a 200-day moving average of $6.40.

Hedge Funds Weigh In On ON24

Several hedge funds and other institutional investors have recently modified their holdings of ONTF. Gladius Capital Management LP raised its stake in shares of ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after purchasing an additional 13,755 shares in the last quarter. FMR LLC raised its stake in shares of ON24 by 45.0% during the third quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after purchasing an additional 8,528 shares in the last quarter. Jane Street Group LLC raised its stake in shares of ON24 by 91.2% during the third quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock valued at $374,000 after purchasing an additional 29,148 shares in the last quarter. Barclays PLC raised its stake in shares of ON24 by 48.7% during the third quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after purchasing an additional 33,352 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of ON24 by 38.1% during the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock valued at $91,000 after purchasing an additional 3,891 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. William Blair reaffirmed a “market perform” rating on shares of ON24 in a report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price target on shares of ON24 from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of ON24 in a report on Wednesday, February 26th.

About ON24

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.