ON24, Inc. (NYSE:ONTF) Director Dominique Trempont Sells 4,250 Shares

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 4,250 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $6.94, for a total value of $29,495.00. Following the completion of the transaction, the director now directly owns 254,600 shares of the company’s stock, valued at approximately $1,766,924. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, January 15th, Dominique Trempont sold 4,250 shares of ON24 stock. The shares were 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 shares were sold at an average price of $6.98, for a total transaction of $29,665.00.

ON24 Trading Down 4.4 %

Shares of ON24 stock traded down $0.31 during trading hours on Wednesday, reaching $6.64. 77,902 shares of the company’s stock were exchanged, compared to its average volume of 91,919. The company has a fifty day moving average of $6.67 and a 200-day moving average of $6.41. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $8.30. The firm has a market capitalization of $276.68 million, a price-to-earnings ratio of -6.39 and a beta of 0.52.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ONTF. SG Americas Securities LLC purchased a new stake in shares of ON24 during the 3rd quarter valued at $62,000. Squarepoint Ops LLC increased its position in ON24 by 56.6% during the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock worth $102,000 after purchasing an additional 5,713 shares in the last quarter. Wells Fargo & Company MN increased its position in ON24 by 25.6% during the 4th 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 in the last quarter. Gladius Capital Management LP raised its holdings in ON24 by 151.2% in the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after buying an additional 13,755 shares during the period. Finally, R Squared Ltd acquired a new position in ON24 during the fourth quarter valued at approximately $153,000. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.