Insider Selling: ON24, Inc. (NYSE:ONTF) Insider Sells $194,890.72 in Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 35,564 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $5.48, for a total transaction of $194,890.72. Following the completion of the transaction, the insider now directly owns 644,989 shares of the company’s stock, valued at $3,534,539.72. The trade was a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jayesh Sahasi also recently made the following trade(s):

• On Thursday, March 20th, Jayesh Sahasi sold 3,696 shares of ON24 stock. The shares were sold at an average price of $5.41, for a total transaction of $19,995.36.
• On Thursday, February 20th, Jayesh Sahasi sold 3,315 shares of ON24 stock. The shares were sold at an average price of $6.38, for a total transaction of $21,149.70.
• On Monday, February 10th, Jayesh Sahasi sold 1,637 shares of ON24 stock. The shares were sold at an average price of $6.85, for a total transaction of $11,213.45.

ON24 Stock Performance

ONTF opened at $5.50 on Friday. The firm has a 50 day moving average price of $6.27 and a 200 day moving average price of $6.33. The company has a market cap of $232.66 million, a PE ratio of -5.29 and a beta of 0.55. ON24, Inc. has a 1 year low of $5.22 and a 1 year high of $7.38.

Analyst Upgrades and Downgrades

ONTF has been the subject of a number of research analyst reports. William Blair reaffirmed a “market perform” rating on shares of ON24 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price objective on shares of ON24 from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research note on Wednesday, February 26th.

Institutional Trading of ON24

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC increased its position in ON24 by 56.6% during the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock worth $102,000 after purchasing an additional 5,713 shares in the last quarter. Two Sigma Investments LP increased its position in ON24 by 11.9% during the 4th quarter. Two Sigma Investments LP now owns 175,366 shares of the company’s stock worth $1,133,000 after purchasing an additional 18,647 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in ON24 by 11.4% in the 4th quarter. Two Sigma Advisers LP now owns 256,900 shares of the company’s stock worth $1,660,000 after acquiring an additional 26,200 shares during the period. Millennium Management LLC boosted its holdings in ON24 by 84.8% in the 4th quarter. Millennium Management LLC now owns 142,387 shares of the company’s stock worth $920,000 after acquiring an additional 65,322 shares during the period. Finally, Circumference Group LLC boosted its holdings in ON24 by 15.9% in the 4th quarter. Circumference Group LLC now owns 394,196 shares of the company’s stock worth $2,547,000 after acquiring an additional 54,000 shares during the period. Institutional investors and hedge funds own 83.93% of the company’s stock.

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.