Insider Selling: ON24, Inc. (NYSE:ONTF) CFO Sells 4,997 Shares of Stock

Posted by James Quigley on Jan 25th, 2025

ON24, Inc. (NYSE:ONTF – Get Free Report) CFO Steven Vattuone sold 4,997 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $6.52, for a total value of $32,580.44. Following the completion of the transaction, the chief financial officer now directly owns 537,867 shares in the company, valued at $3,506,892.84. This represents a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

On Friday, January 17th, Steven Vattuone sold 1,022 shares of ON24 stock. The shares were sold at an average price of $6.50, for a total value of $6,643.00.
On Wednesday, January 15th, Steven Vattuone sold 500 shares of ON24 stock. The stock was sold at an average price of $6.50, for a total transaction of $3,250.00.
On Monday, January 6th, Steven Vattuone sold 6,624 shares of ON24 stock. The shares were sold at an average price of $6.68, for a total transaction of $44,248.32.
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 stock was sold at an average price of $6.96, for a total value of $26,656.80.
On Wednesday, December 18th, Steven Vattuone sold 17,025 shares of ON24 stock. The shares were sold at an average price of $6.70, for a total value 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 transaction of $27,569.07.

ON24 Price Performance

Shares of ONTF opened at $6.62 on Friday. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $8.35. The stock’s 50 day moving average is $6.56 and its two-hundred day moving average is $6.34.

ON24 (NYSE:ONTF – Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.26) EPS for the quarter. The company had revenue of $36.33 million during the quarter, compared to analysts’ expectations of $35.55 million. ON24 had a negative return on equity of 23.10% and a negative net margin of 28.63%. During the same period in the previous year, the firm posted ($0.23) EPS. On average, analysts forecast that ON24, Inc. will post -0.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “hold” rating on shares of ON24 in a research report on Wednesday, January 15th.

Read Our Latest Stock Report on ON24

Institutional Investors Weigh In On ON24

Several large investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of ON24 in the third quarter valued at about $62,000. Marshall Wace LLP purchased a new position in ON24 during the second quarter worth about $72,000. The Manufacturers Life Insurance Company increased its holdings in shares of ON24 by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after buying an additional 2,158 shares during the last quarter. Gladius Capital Management LP lifted its holdings in ON24 by 151.2% in the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after acquiring an additional 13,755 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in ON24 in the fourth quarter valued at $153,000. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

ON24 Company Profile

(Get Free Report)

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.