Insider Selling: ON24 (NYSE:ONTF) CFO Sells 9,453 Shares of Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 9,453 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $5.83, for a total transaction of $55,110.99. Following the sale, the chief financial officer owned 539,664 shares in the company, valued at approximately $3,146,241.12. This represents a 1.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, December 2nd, Steven Vattuone sold 12,754 shares of ON24 stock. The stock was sold at an average price of $5.66, for a total transaction of $72,187.64.
• On Monday, December 1st, Steven Vattuone sold 13,510 shares of ON24 stock. The stock was sold at an average price of $5.70, for a total transaction of $77,007.00.
• On Monday, November 24th, Steven Vattuone sold 3,821 shares of ON24 stock. The shares were sold at an average price of $5.28, for a total value of $20,174.88.
• On Thursday, November 20th, Steven Vattuone sold 4,392 shares of ON24 stock. The stock was sold at an average price of $5.30, for a total value of $23,277.60.
• On Tuesday, September 9th, Steven Vattuone sold 20,116 shares of ON24 stock. The shares were 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 stock was sold at an average price of $5.58, for a total transaction of $23,408.10.
• On Friday, September 5th, Steven Vattuone sold 5,251 shares of ON24 stock. The stock was sold at an average price of $5.52, for a total transaction of $28,985.52.
• 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 transaction of $35,294.88.

ON24 Stock Performance

Shares of ONTF traded up $0.23 during mid-day trading on Wednesday, hitting $5.88. 156,578 shares of the company were exchanged, compared to its average volume of 156,167. The stock has a market cap of $248.40 million, a price-to-earnings ratio of -7.94 and a beta of 0.66. ON24, Inc. has a 1-year low of $4.35 and a 1-year high of $7.03. The company has a 50 day moving average of $5.51 and a 200-day moving average of $5.43.

ON24 (NYSE:ONTF) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $34.60 million during the quarter, compared to analyst estimates of $33.87 million. ON24 had a negative return on equity of 18.61% and a negative net margin of 22.09%.ON24 has set its FY 2025 guidance at 0.050-0.060 EPS and its Q4 2025 guidance at 0.010-0.020 EPS. Research analysts anticipate that ON24, Inc. will post -0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ONTF shares. Robert W. Baird lifted their target price on shares of ON24 from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Wall Street Zen upgraded shares of ON24 from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Canaccord Genuity Group boosted their target price on ON24 from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of ON24 in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $6.00.

Institutional Investors Weigh In On ON24

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ONTF. Acadian Asset Management LLC raised its position in ON24 by 18.0% in the first quarter. Acadian Asset Management LLC now owns 830,851 shares of the company’s stock valued at $4,319,000 after purchasing an additional 127,010 shares during the period. Lynrock Lake LP increased its stake in ON24 by 4.5% during the first quarter. Lynrock Lake LP now owns 7,659,474 shares of the company’s stock worth $39,829,000 after purchasing an additional 329,715 shares during the period. P.A.W. Capital Corp lifted its position in shares of ON24 by 87.5% during the second quarter. P.A.W. Capital Corp now owns 300,000 shares of the company’s stock worth $1,629,000 after purchasing an additional 140,000 shares in the last quarter. Nuveen LLC purchased a new position in shares of ON24 in the first quarter valued at approximately $357,000. Finally, Palogic Value Management L.P. grew its holdings in shares of ON24 by 23.1% in the first quarter. Palogic Value Management L.P. now owns 320,000 shares of the company’s stock valued at $1,664,000 after purchasing an additional 60,000 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

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.