ON24, Inc. (NYSE:ONTF) Insider Sells $21,149.70 in Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 3,315 shares of ON24 stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.38, for a total transaction of $21,149.70. Following the completion of the sale, the insider now directly owns 691,970 shares in the company, valued at $4,414,768.60. This trade represents a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 value of $11,213.45.
• On Monday, December 16th, Jayesh Sahasi sold 1,100 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $7,700.00.
• On Thursday, December 12th, Jayesh Sahasi sold 5,047 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total value of $35,329.00.
• On Tuesday, December 10th, Jayesh Sahasi sold 100 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total transaction of $700.00.
• On Wednesday, December 4th, Jayesh Sahasi sold 6,457 shares of ON24 stock. The shares were sold at an average price of $6.69, for a total transaction of $43,197.33.
• On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The shares were sold at an average price of $6.63, for a total transaction of $24,239.28.

ON24 Stock Down 3.7 %

Shares of ONTF opened at $6.12 on Monday. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.28. The stock has a market cap of $254.69 million, a PE ratio of -5.88 and a beta of 0.52. The business’s 50-day moving average price is $6.63 and its 200-day moving average price is $6.42.

Institutional Trading of ON24

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in ON24 in the 3rd quarter valued at $62,000. Gladius Capital Management LP raised its position in shares of ON24 by 151.2% in the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after buying an additional 13,755 shares in the last quarter. FMR LLC boosted its stake in ON24 by 45.0% during 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 during the period. Jane Street Group LLC grew its position in ON24 by 91.2% during the third quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock worth $374,000 after buying an additional 29,148 shares in the last quarter. Finally, Barclays PLC increased its stake in ON24 by 48.7% in the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock worth $624,000 after acquiring an additional 33,352 shares during the last quarter. Institutional investors own 83.93% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.