Insider Selling: ON24, Inc. (NYSE:ONTF) CFO Sells $12,871.15 in Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 1,879 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $6.85, for a total value of $12,871.15. Following the transaction, the chief financial officer now owns 542,451 shares in the company, valued at $3,715,789.35. This represents a 0.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 value of $41,055.28.
• On Tuesday, January 21st, Steven Vattuone sold 4,997 shares of ON24 stock. The shares were sold at an average price of $6.52, for a total value 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 shares were 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 shares were 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 value of $26,656.80.
• On Wednesday, December 18th, Steven Vattuone sold 17,025 shares of ON24 stock. The shares were sold at an average price of $6.70, for a total value of $114,067.50.
• On Wednesday, December 4th, Steven Vattuone sold 7,538 shares of ON24 stock. The stock was sold at an average price of $6.69, for a total value of $50,429.22.
• On Monday, December 2nd, Steven Vattuone sold 4,269 shares of ON24 stock. The shares were sold at an average price of $6.63, for a total value of $28,303.47.

ON24 Price Performance

Shares of ON24 stock opened at $6.93 on Friday. The stock’s 50 day simple moving average is $6.66 and its 200-day simple moving average is $6.40. The stock has a market cap of $288.63 million, a P/E ratio of -6.66 and a beta of 0.52. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $8.35.

Analyst Ratings Changes

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

Hedge Funds Weigh In On ON24

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ONTF. SG Americas Securities LLC acquired a new stake in shares of ON24 in the 3rd quarter worth $62,000. Marshall Wace LLP purchased a new stake in shares of ON24 in the second quarter valued at about $72,000. The Manufacturers Life Insurance Company grew its holdings in shares of ON24 by 19.1% in the second 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. Wells Fargo & Company MN increased its position in ON24 by 25.6% during the fourth quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock worth $112,000 after purchasing an additional 3,518 shares during the last quarter. Finally, Gladius Capital Management LP raised its stake in ON24 by 151.2% during the third 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 during the period. Institutional investors and hedge funds 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.