ON24, Inc. (NYSE:ONTF) Director Sells $27,200.00 in Stock

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 4,250 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $6.40, for a total value of $27,200.00. Following the completion of the sale, the director now directly owns 258,850 shares in the company, valued at approximately $1,656,640. The trade was a 1.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $29,665.00.

ON24 Stock Down 0.4 %

Shares of NYSE ONTF traded down $0.03 during midday trading on Friday, reaching $6.42. The company had a trading volume of 125,109 shares, compared to its average volume of 103,374. The firm’s fifty day moving average price is $6.56 and its 200-day moving average price is $6.32. ON24, Inc. has a one year low of $5.37 and a one year high of $8.35. The stock has a market cap of $267.56 million, a PE ratio of -6.18 and a beta of 0.50.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ONTF. SG Americas Securities LLC purchased a new position in shares of ON24 during the third quarter valued at approximately $62,000. Marshall Wace LLP bought a new stake in ON24 in the second quarter valued at $72,000. The Manufacturers Life Insurance Company increased its position in ON24 by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after purchasing an additional 2,158 shares during the period. Gladius Capital Management LP raised its holdings 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 purchasing an additional 13,755 shares in the last quarter. Finally, FMR LLC lifted its position in shares of ON24 by 45.0% in the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after purchasing an additional 8,528 shares during the period. Institutional investors own 83.93% of the company’s stock.

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.