ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 4,383 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 4,383 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $6.29, for a total value of $27,569.07. Following the completion of the transaction, the chief financial officer now directly owns 583,591 shares of the company’s stock, valued at $3,670,787.39. This represents a 0.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, September 11th, Steven Vattuone sold 7,094 shares of ON24 stock. The stock was sold at an average price of $5.86, for a total value of $41,570.84.
• On Monday, September 9th, Steven Vattuone sold 2,266 shares of ON24 stock. The stock was sold at an average price of $5.91, for a total value of $13,392.06.
• On Thursday, September 5th, Steven Vattuone sold 2,667 shares of ON24 stock. The stock was sold at an average price of $6.16, for a total value of $16,428.72.
• On Tuesday, September 3rd, Steven Vattuone sold 5,216 shares of ON24 stock. The shares were sold at an average price of $6.35, for a total value of $33,121.60.

ON24 Price Performance

ONTF stock opened at $6.43 on Monday. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.35. The business has a 50 day moving average of $6.25 and a 200 day moving average of $6.15.

Institutional Trading of ON24

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in ON24 by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 2,443,583 shares of the company’s stock valued at $17,447,000 after purchasing an additional 49,498 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in ON24 by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock valued at $8,830,000 after purchasing an additional 22,577 shares during the last quarter. Renaissance Technologies LLC boosted its stake in ON24 by 12.9% during the 2nd quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock valued at $4,366,000 after purchasing an additional 83,000 shares during the last quarter. Acadian Asset Management LLC boosted its stake in ON24 by 19.2% during the 2nd quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock valued at $3,362,000 after purchasing an additional 90,058 shares during the last quarter. Finally, Barclays PLC boosted its stake in ON24 by 48.7% during the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after purchasing an additional 33,352 shares during the last quarter. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ONTF. Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research report on Friday, November 8th. JPMorgan Chase & Co. reduced their price objective on ON24 from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

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.