ON24, Inc. (NYSE:ONTF) Director Dominique Trempont 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 Tuesday, February 18th. The stock was sold at an average price of $6.94, for a total transaction of $29,495.00. Following the completion of the sale, the director now owns 254,600 shares in the company, valued at approximately $1,766,924. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Dominique Trempont also recently made the following trade(s):

• On Wednesday, January 15th, Dominique Trempont sold 4,250 shares of ON24 stock. The stock was sold at an average price of $6.40, for a total value of $27,200.00.
• On Thursday, December 12th, Dominique Trempont sold 4,250 shares of ON24 stock. The stock was sold at an average price of $6.98, for a total value of $29,665.00.

ON24 Stock Down 4.4 %

Shares of ONTF opened at $6.64 on Thursday. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.30. The company has a market capitalization of $276.68 million, a P/E ratio of -6.39 and a beta of 0.52. The firm has a 50 day moving average of $6.66 and a 200 day moving average of $6.41.

Institutional Trading of ON24

A number of institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in shares of ON24 during the third quarter valued at $62,000. Gladius Capital Management LP raised its position in ON24 by 151.2% in the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after buying an additional 13,755 shares during the last quarter. FMR LLC lifted its stake in ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after acquiring an additional 8,528 shares during the period. Jane Street Group LLC boosted its holdings in shares of ON24 by 91.2% during the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock valued at $374,000 after acquiring an additional 29,148 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of ON24 by 48.7% in the third quarter. Barclays PLC now owns 101,837 shares of the company’s stock worth $624,000 after acquiring an additional 33,352 shares during the period. Institutional investors own 83.93% of the company’s stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC reiterated a “hold” rating on shares of ON24 in a research note 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.