ON24, Inc. (NYSE:ONTF) Director Sells $212,307.26 in Stock

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 34,133 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $6.22, for a total transaction of $212,307.26. Following the completion of the transaction, the director now directly owns 283,250 shares of the company’s stock, valued at approximately $1,761,815. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

ON24 Price Performance

Shares of NYSE ONTF opened at $6.33 on Thursday. The company has a market cap of $262.88 million, a P/E ratio of -6.09 and a beta of 0.47. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35. The firm has a 50-day simple moving average of $6.06 and a two-hundred day simple moving average of $6.55.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ONTF. Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price target on shares of ON24 from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th.

Institutional Trading of ON24

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in ON24 by 2.1% in the first quarter. Vanguard Group Inc. now owns 2,443,583 shares of the company’s stock worth $17,447,000 after purchasing an additional 49,498 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in ON24 by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock worth $8,830,000 after purchasing an additional 22,577 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of ON24 by 12.9% during the second quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after acquiring an additional 83,000 shares during the period. Acadian Asset Management LLC increased its position in shares of ON24 by 19.2% during the second quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock worth $3,362,000 after acquiring an additional 90,058 shares during the period. Finally, Horrell Capital Management Inc. increased its position in shares of ON24 by 32.5% during the first quarter. Horrell Capital Management Inc. now owns 387,196 shares of the company’s stock worth $2,765,000 after acquiring an additional 95,000 shares during the period. Institutional investors 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.