ON24 (NYSE:ONTF) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of ON24 (NYSE:ONTF) in a research report report published on Wednesday morning,Benzinga reports.

ON24 Trading Up 2.2 %

Shares of ONTF stock opened at $6.46 on Wednesday. ON24 has a 12 month low of $5.37 and a 12 month high of $8.35. The business’s 50 day moving average is $6.57 and its two-hundred day moving average is $6.32.

Insiders Place Their Bets

In other ON24 news, insider Jayesh Sahasi sold 5,047 shares of ON24 stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $7.00, for a total value of $35,329.00. Following the transaction, the insider now directly owns 692,045 shares of the company’s stock, valued at $4,844,315. The trade was a 0.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sharat Sharan sold 36,189 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $6.20, for a total value of $224,371.80. Following the completion of the sale, the insider now directly owns 3,113,728 shares of the company’s stock, valued at $19,305,113.60. This represents a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,365 shares of company stock valued at $972,996 in the last quarter. Insiders own 32.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ONTF. Dimensional Fund Advisors LP grew its position in ON24 by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock worth $8,830,000 after buying an additional 22,577 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of ON24 by 12.9% in the 2nd quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after acquiring an additional 83,000 shares during the period. Barclays PLC grew its holdings in shares of ON24 by 48.7% during the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock worth $624,000 after purchasing an additional 33,352 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of ON24 by 14.5% in the second quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company’s stock valued at $590,000 after purchasing an additional 12,400 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of ON24 in the second quarter valued at $427,000. 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.