ON24, Inc. (NYSE:ONTF) Insider Sharat Sharan Sells 3,529 Shares

ON24, Inc. (NYSE:ONTF) insider Sharat Sharan sold 3,529 shares of the stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $4.54, for a total value of $16,021.66. Following the completion of the transaction, the insider now directly owns 3,188,173 shares in the company, valued at $14,474,305.42. The trade was a 0.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, March 31st, Sharat Sharan sold 39,196 shares of ON24 stock. The shares were sold at an average price of $5.23, for a total value of $204,995.08.

ON24 Stock Down 2.5 %

Shares of NYSE:ONTF traded down $0.11 during mid-day trading on Friday, reaching $4.49. 173,634 shares of the stock were exchanged, compared to its average volume of 140,819. The stock’s 50 day simple moving average is $5.57 and its 200-day simple moving average is $6.17. ON24, Inc. has a one year low of $4.47 and a one year high of $7.04. The company has a market cap of $189.91 million, a P/E ratio of -4.31 and a beta of 0.55.

Institutional Trading of ON24

Institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC boosted its stake in shares of 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 buying an additional 5,713 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of ON24 by 11.9% during the 4th quarter. Two Sigma Investments LP now owns 175,366 shares of the company’s stock worth $1,133,000 after purchasing an additional 18,647 shares in the last quarter. Two Sigma Advisers LP increased its holdings in ON24 by 11.4% during the fourth quarter. Two Sigma Advisers LP now owns 256,900 shares of the company’s stock worth $1,660,000 after buying an additional 26,200 shares during the last quarter. Millennium Management LLC increased its stake in shares of ON24 by 84.8% during the 4th quarter. Millennium Management LLC now owns 142,387 shares of the company’s stock worth $920,000 after purchasing an additional 65,322 shares during the last quarter. Finally, Circumference Group LLC raised its holdings in shares of ON24 by 15.9% in the 4th quarter. Circumference Group LLC now owns 394,196 shares of the company’s stock valued at $2,547,000 after purchasing an additional 54,000 shares during the period. Institutional investors own 83.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ONTF shares. William Blair reaffirmed a “market perform” rating on shares of ON24 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price objective on ON24 from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, Needham & Company LLC restated 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.