ON24, Inc. (NYSE:ONTF) Insider Sharat Sharan Sells 36,189 Shares of Stock

ON24, Inc. (NYSE:ONTF) insider Sharat Sharan sold 36,189 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $6.20, for a total transaction of $224,371.80. Following the sale, the insider now owns 3,113,728 shares of the company’s stock, valued at approximately $19,305,113.60. This represents a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

ON24 Price Performance

ONTF opened at $6.46 on Thursday. The company’s 50 day moving average is $6.57 and its 200 day moving average is $6.32. ON24, Inc. has a 12-month low of $5.37 and a 12-month high of $8.35.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a report on Wednesday.

Institutional Investors Weigh In On ON24

A number of hedge funds have recently modified their holdings of ONTF. SG Americas Securities LLC bought a new position in ON24 in the 3rd quarter worth $62,000. Marshall Wace LLP purchased a new stake in ON24 in the second quarter worth about $72,000. The Manufacturers Life Insurance Company raised its stake in shares of ON24 by 19.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after buying an additional 2,158 shares during the period. Gladius Capital Management LP lifted its position in shares of ON24 by 151.2% during the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after buying an additional 13,755 shares in the last quarter. Finally, FMR LLC grew its stake in shares of ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after acquiring an additional 8,528 shares during the period. Institutional investors own 83.93% of the company’s stock.

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.