ON24, Inc. (NYSE:ONTF) CFO Sells $44,248.32 in Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 6,624 shares of ON24 stock in a transaction on Monday, January 6th. The stock was sold at an average price of $6.68, for a total value of $44,248.32. Following the transaction, the chief financial officer now owns 544,386 shares in the company, valued at approximately $3,636,498.48. This represents a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, January 3rd, Steven Vattuone sold 18,376 shares of ON24 stock. The stock was sold at an average price of $6.59, for a total transaction of $121,097.84.
• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The shares were sold at an average price of $6.96, for a total transaction of $26,656.80.
• On Wednesday, December 18th, Steven Vattuone sold 17,025 shares of ON24 stock. The stock was sold at an average price of $6.70, for a total transaction of $114,067.50.
• On Wednesday, December 4th, Steven Vattuone sold 7,538 shares of ON24 stock. The shares were sold at an average price of $6.69, for a total value 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 shares were sold at an average price of $6.29, for a total value of $27,569.07.

ON24 Stock Performance

Shares of ONTF stock opened at $6.56 on Wednesday. ON24, Inc. has a one year low of $5.37 and a one year high of $8.35. The firm’s 50 day moving average price is $6.54 and its 200-day moving average price is $6.30. The firm has a market cap of $273.23 million, a P/E ratio of -6.31 and a beta of 0.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of ON24 in the third quarter valued at $62,000. Marshall Wace LLP purchased a new position in ON24 during the 2nd quarter valued at about $72,000. The Manufacturers Life Insurance Company grew its position in ON24 by 19.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after acquiring an additional 2,158 shares in the last quarter. Gladius Capital Management LP increased its stake in ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after purchasing an additional 13,755 shares during the period. Finally, FMR LLC lifted its position in shares of ON24 by 45.0% during the third quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after purchasing an additional 8,528 shares in the last quarter. 83.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.