Insider Selling: ON24, Inc. (NYSE:ONTF) Insider Sells $19,995.36 in Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 3,696 shares of ON24 stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $5.41, for a total value of $19,995.36. Following the transaction, the insider now owns 569,976 shares in the company, valued at $3,083,570.16. This trade represents a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Jayesh Sahasi also recently made the following trade(s):

• On Tuesday, March 18th, Jayesh Sahasi sold 35,564 shares of ON24 stock. The stock was sold at an average price of $5.48, for a total value of $194,890.72.
• On Thursday, February 20th, Jayesh Sahasi sold 3,315 shares of ON24 stock. The stock was sold at an average price of $6.38, for a total transaction of $21,149.70.
• On Monday, February 10th, Jayesh Sahasi sold 1,637 shares of ON24 stock. The stock was sold at an average price of $6.85, for a total transaction of $11,213.45.

ON24 Stock Performance

Shares of NYSE ONTF opened at $5.50 on Friday. The company has a market cap of $232.66 million, a P/E ratio of -5.29 and a beta of 0.55. ON24, Inc. has a 52-week low of $5.22 and a 52-week high of $7.38. The firm’s fifty day moving average is $6.27 and its two-hundred day moving average is $6.33.

Institutional Investors Weigh In On ON24

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC increased its position in ON24 by 38.1% in the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock worth $91,000 after purchasing an additional 3,891 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of ON24 by 56.6% in the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock worth $102,000 after buying an additional 5,713 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of ON24 by 25.6% during the 4th quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock valued at $112,000 after buying an additional 3,518 shares in the last quarter. R Squared Ltd bought a new position in shares of ON24 in the 4th quarter valued at about $153,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in ON24 in the fourth quarter worth about $175,000. 83.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of ON24 from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. William Blair reaffirmed a “market perform” rating on shares of ON24 in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of ON24 in a report on Wednesday, February 26th.

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.