Insider Selling: ON24 (NYSE:ONTF) CFO Sells $28,985.52 in Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 5,251 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $5.52, for a total value of $28,985.52. Following the completion of the sale, the chief financial officer directly owned 607,905 shares of the company’s stock, valued at approximately $3,355,635.60. This represents a 0.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, September 9th, Steven Vattuone sold 20,116 shares of ON24 stock. The stock was sold at an average price of $5.54, for a total value of $111,442.64.
• On Monday, September 8th, Steven Vattuone sold 4,195 shares of ON24 stock. The shares were sold at an average price of $5.58, for a total value of $23,408.10.
• On Thursday, September 4th, Steven Vattuone sold 6,394 shares of ON24 stock. The shares were sold at an average price of $5.52, for a total value of $35,294.88.
• On Wednesday, September 3rd, Steven Vattuone sold 3,549 shares of ON24 stock. The shares were sold at an average price of $5.43, for a total value of $19,271.07.
• On Tuesday, September 2nd, Steven Vattuone sold 3,222 shares of ON24 stock. The shares were sold at an average price of $5.60, for a total value of $18,043.20.
• On Thursday, August 21st, Steven Vattuone sold 5,117 shares of ON24 stock. The shares were sold at an average price of $5.25, for a total value of $26,864.25.
• On Wednesday, August 20th, Steven Vattuone sold 3,094 shares of ON24 stock. The shares were sold at an average price of $5.21, for a total value of $16,119.74.

ON24 Stock Performance

Shares of ONTF stock opened at $5.54 on Friday. ON24, Inc. has a fifty-two week low of $4.35 and a fifty-two week high of $7.03. The stock has a 50 day moving average price of $5.28 and a two-hundred day moving average price of $5.26. The company has a market capitalization of $234.19 million, a P/E ratio of -6.44 and a beta of 0.66.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded ON24 from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, ON24 presently has a consensus rating of “Hold” and a consensus target price of $5.33.

Hedge Funds Weigh In On ON24

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its holdings in shares of ON24 by 228.5% during the second quarter. Public Employees Retirement System of Ohio now owns 12,242 shares of the company’s stock valued at $66,000 after acquiring an additional 8,515 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in shares of ON24 during the second quarter valued at approximately $78,000. Squarepoint Ops LLC raised its holdings in shares of ON24 by 56.6% during the fourth quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock valued at $102,000 after acquiring an additional 5,713 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of ON24 by 25.6% during the fourth quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock valued at $112,000 after acquiring an additional 3,518 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in ON24 by 24.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,487 shares of the company’s stock worth $111,000 after purchasing an additional 4,004 shares in the last quarter. 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.