ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 18,376 Shares of Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 18,376 shares of ON24 stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $6.59, for a total transaction of $121,097.84. Following the sale, the chief financial officer now owns 544,386 shares of the company’s stock, valued at approximately $3,587,503.74. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, January 6th, Steven Vattuone sold 6,624 shares of ON24 stock. The shares were sold at an average price of $6.68, for a total transaction of $44,248.32.
• 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 value of $26,656.80.
• On Wednesday, December 18th, Steven Vattuone sold 17,025 shares of ON24 stock. The stock was sold at an average price of $6.70, for a total value of $114,067.50.
• On Wednesday, December 4th, Steven Vattuone sold 7,538 shares of ON24 stock. The shares were sold at an average price of $6.69, for a total transaction 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 transaction 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 Trading Down 1.2 %

Shares of NYSE:ONTF opened at $6.56 on Wednesday. The business has a fifty day simple moving average of $6.54 and a 200 day simple moving average of $6.30. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35. The firm has a market cap of $273.23 million, a price-to-earnings ratio of -6.31 and a beta of 0.50.

Analysts Set New Price Targets

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

Institutional Trading of ON24

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC increased its position in ON24 by 19.2% in the 2nd 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 lifted its stake in ON24 by 12.9% in the 2nd quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock valued at $4,366,000 after acquiring an additional 83,000 shares in the last quarter. Barclays PLC boosted its stake in shares of ON24 by 48.7% during the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock worth $624,000 after buying an additional 33,352 shares during the last quarter. FMR LLC grew its stake in shares of ON24 by 45.0% in the third quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after buying an additional 8,528 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in ON24 by 8.8% during the second 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 last quarter. 83.93% of the stock is currently owned by institutional investors and hedge funds.

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.