ON24, Inc. (NYSE:ONTF) Shares Bought by Horrell Capital Management Inc.

Horrell Capital Management Inc. grew its stake in shares of ON24, Inc. (NYSE:ONTF) by 15.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 394,196 shares of the company’s stock after buying an additional 54,000 shares during the period. Horrell Capital Management Inc. owned 0.95% of ON24 worth $2,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC grew its position in ON24 by 48.7% during the third quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after acquiring an additional 33,352 shares during the period. Jane Street Group LLC grew its holdings in shares of ON24 by 91.2% during the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock worth $374,000 after purchasing an additional 29,148 shares during the period. P.A.W. Capital Corp purchased a new stake in shares of ON24 during the 4th quarter worth about $484,000. FMR LLC increased its position in ON24 by 45.0% during the 3rd 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. Finally, SG Americas Securities LLC raised its holdings in ON24 by 38.1% in the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock valued at $91,000 after buying an additional 3,891 shares during the period. 83.93% of the stock is currently owned by institutional investors and hedge funds.

ON24 Stock Performance

Shares of ON24 stock opened at $5.50 on Monday. ON24, Inc. has a 1 year low of $5.22 and a 1 year high of $7.38. The firm’s 50-day simple moving average is $6.27 and its 200-day simple moving average is $6.34. The firm has a market cap of $232.66 million, a PE ratio of -5.29 and a beta of 0.55.

Analysts Set New Price Targets

Several research firms have recently issued reports on ONTF. Needham & Company LLC reissued a “hold” rating on shares of ON24 in a research report on Wednesday, February 26th. William Blair reiterated a “market perform” rating on shares of ON24 in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price objective on ON24 from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th.

Insider Transactions at ON24

In related news, insider Jayesh Sahasi sold 35,564 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $5.48, for a total value of $194,890.72. Following the sale, the insider now owns 644,989 shares of the company’s stock, valued at approximately $3,534,539.72. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steven Vattuone sold 6,624 shares of the company’s 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 of the company’s stock, valued at approximately $3,636,498.48. The trade was a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 206,529 shares of company stock worth $1,174,541 and have sold 184,617 shares worth $1,111,394. Insiders own 32.30% of the company’s stock.

ON24 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.