ON24, Inc. (NYSE:ONTF) Insider Sharat Sharan Sells 39,196 Shares of Stock

ON24, Inc. (NYSE:ONTF) insider Sharat Sharan sold 39,196 shares of the firm’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $5.23, for a total transaction of $204,995.08. Following the sale, the insider now directly owns 3,164,092 shares in the company, valued at approximately $16,548,201.16. The trade was a 1.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sharat Sharan also recently made the following trade(s):

• On Monday, January 13th, Sharat Sharan sold 36,189 shares of ON24 stock. The stock was sold at an average price of $6.20, for a total value of $224,371.80.

ON24 Stock Up 0.3 %

ONTF stock opened at $5.22 on Wednesday. The company has a fifty day simple moving average of $6.14 and a two-hundred day simple moving average of $6.31. ON24, Inc. has a 52 week low of $5.14 and a 52 week high of $7.29. The firm has a market capitalization of $220.72 million, a P/E ratio of -5.01 and a beta of 0.55.

Analyst Ratings Changes

A number of research firms recently issued reports on ONTF. JPMorgan Chase & Co. dropped their price objective on shares of ON24 from $7.00 to $6.00 and set a “neutral” rating on the stock in a report 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 restated a “hold” rating on shares of ON24 in a research report on Wednesday, February 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ONTF. Barclays PLC increased its position in ON24 by 48.7% during the third quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after acquiring an additional 33,352 shares during the last quarter. Jane Street Group LLC grew its stake in ON24 by 91.2% in the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock worth $374,000 after acquiring an additional 29,148 shares in the last quarter. P.A.W. Capital Corp purchased a new position in ON24 during the 4th quarter worth $484,000. FMR LLC increased its stake in shares of ON24 by 45.0% during the third quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after buying an additional 8,528 shares during the period. Finally, SG Americas Securities LLC increased its position in ON24 by 38.1% during the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock valued at $91,000 after purchasing an additional 3,891 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.