ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 17,025 Shares of Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 17,025 shares of ON24 stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $6.70, for a total transaction of $114,067.50. Following the completion of the transaction, the chief financial officer now directly owns 544,386 shares in the company, valued at approximately $3,647,386.20. This trade represents a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The stock was sold at an average price of $6.96, for a total transaction of $26,656.80.
• On Wednesday, December 4th, Steven Vattuone sold 7,538 shares of ON24 stock. The stock was sold at an average price of $6.69, for a total transaction of $50,429.22.
• On Monday, December 2nd, Steven Vattuone sold 4,269 shares of ON24 stock. The stock was sold at an average price of $6.63, for a total value of $28,303.47.
• On Wednesday, November 20th, Steven Vattuone sold 4,383 shares of ON24 stock. The stock was sold at an average price of $6.29, for a total transaction of $27,569.07.

ON24 Trading Down 2.5 %

Shares of ONTF stock opened at $6.51 on Thursday. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.35. The stock has a fifty day simple moving average of $6.45 and a two-hundred day simple moving average of $6.21. The stock has a market capitalization of $271.15 million, a price-to-earnings ratio of -6.26 and a beta of 0.51.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “hold” rating on shares of ON24 in a research report on Friday, November 8th.

Institutional Investors Weigh In On ON24

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in ON24 in the third quarter valued at $62,000. Marshall Wace LLP bought a new position in ON24 during the 2nd quarter valued at $72,000. The Manufacturers Life Insurance Company lifted its holdings in ON24 by 19.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after acquiring an additional 2,158 shares during the last quarter. Gladius Capital Management LP raised its stake in shares of ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after purchasing an additional 13,755 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of ON24 by 45.0% in 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 in the last quarter. Hedge funds and other 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.