Insider Selling: ON24, Inc. (NYSE:ONTF) Director Sells $27,200.00 in Stock

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 4,250 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $6.40, for a total value of $27,200.00. Following the sale, the director now directly owns 258,850 shares in the company, valued at approximately $1,656,640. This trade represents a 1.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dominique Trempont also recently made the following trade(s):

• On Thursday, December 12th, Dominique Trempont sold 4,250 shares of ON24 stock. The stock was sold at an average price of $6.98, for a total value of $29,665.00.

ON24 Trading Down 0.4 %

NYSE ONTF opened at $6.42 on Monday. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.35. The stock has a 50-day moving average of $6.56 and a 200 day moving average of $6.33. The stock has a market capitalization of $267.56 million, a price-to-earnings ratio of -6.18 and a beta of 0.50.

Institutional Investors Weigh In On ON24

A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its holdings in ON24 by 12.9% in the 2nd quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after buying an additional 83,000 shares during the last quarter. Barclays PLC increased its position in shares of ON24 by 48.7% during the third quarter. Barclays PLC now owns 101,837 shares of the company’s stock worth $624,000 after purchasing an additional 33,352 shares in the last quarter. Jane Street Group LLC raised its stake in ON24 by 91.2% in the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock valued at $374,000 after purchasing an additional 29,148 shares during the last quarter. FMR LLC lifted its holdings in ON24 by 45.0% in the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after purchasing an additional 8,528 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted 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 worth $395,000 after purchasing an additional 5,337 shares during the last quarter. Institutional investors and hedge funds 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 note 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.