Steven Vattuone Sells 17,025 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 17,025 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $6.70, for a total value of $114,067.50. Following the completion of the transaction, the chief financial officer now directly owns 544,386 shares in the company, valued at $3,647,386.20. The trade was a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The shares were sold at an average price of $6.96, for a total transaction of $26,656.80.
• On Wednesday, December 4th, Steven Vattuone sold 7,538 shares of ON24 stock. The stock was 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 shares were 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 stock was sold at an average price of $6.29, for a total value of $27,569.07.

ON24 Price Performance

Shares of NYSE ONTF opened at $6.50 on Friday. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35. The firm has a fifty day moving average price of $6.46 and a 200-day moving average price of $6.21. The stock has a market cap of $270.73 million, a PE ratio of -6.25 and a beta of 0.51.

Institutional Investors Weigh In On ON24

A number of institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its position in shares of ON24 by 19.2% in the second quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock valued at $3,362,000 after acquiring an additional 90,058 shares in the last quarter. Renaissance Technologies LLC raised 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 period. Cubist Systematic Strategies LLC raised its stake in ON24 by 8.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company’s stock valued at $395,000 after purchasing an additional 5,337 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in ON24 by 19.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after purchasing an additional 2,158 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in ON24 in the 3rd quarter worth approximately $62,000. Hedge funds and other institutional investors own 83.93% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “hold” rating on shares of ON24 in a research note on Friday, November 8th.

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.