ON24, Inc. (NYSE:ONTF) Director Sells $29,665.00 in Stock

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 4,250 shares of ON24 stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $6.98, for a total transaction of $29,665.00. Following the sale, the director now owns 263,100 shares in the company, valued at approximately $1,836,438. This trade represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ON24 Trading Up 0.4 %

ONTF stock traded up $0.03 during trading on Monday, hitting $6.94. 96,789 shares of the stock traded hands, compared to its average volume of 170,314. ON24, Inc. has a one year low of $5.37 and a one year high of $8.35. The stock has a market cap of $289.05 million, a price-to-earnings ratio of -6.66 and a beta of 0.51. The company has a 50 day simple moving average of $6.42 and a 200 day simple moving average of $6.19.

Hedge Funds Weigh In On ON24

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its stake 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 worth $3,362,000 after acquiring an additional 90,058 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of ON24 by 12.9% during 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 period. Cubist Systematic Strategies LLC grew its position in shares of 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 buying an additional 5,337 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of ON24 by 19.1% during the 2nd 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. Finally, SG Americas Securities LLC acquired a new stake in shares of ON24 during the 3rd quarter worth approximately $62,000. 83.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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