Jayesh Sahasi Sells 5,047 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 5,047 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $7.00, for a total transaction of $35,329.00. Following the transaction, the insider now directly owns 692,045 shares of the company’s stock, valued at $4,844,315. The trade was a 0.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Jayesh Sahasi also recently made the following trade(s):

• On Tuesday, December 10th, Jayesh Sahasi sold 100 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $700.00.
• On Wednesday, December 4th, Jayesh Sahasi sold 6,457 shares of ON24 stock. The stock was sold at an average price of $6.69, for a total value of $43,197.33.
• On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The shares were sold at an average price of $6.63, for a total value of $24,239.28.
• On Wednesday, November 20th, Jayesh Sahasi sold 4,089 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total value of $25,719.81.

ON24 Trading Down 0.9 %

Shares of NYSE ONTF opened at $6.91 on Friday. The stock has a market cap of $287.81 million, a P/E ratio of -6.64 and a beta of 0.51. The business’s fifty day simple moving average is $6.42 and its 200-day simple moving average is $6.19. ON24, Inc. has a 12-month low of $5.37 and a 12-month high of $8.35.

Institutional Investors Weigh In On ON24

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of ON24 during the third quarter worth about $62,000. Marshall Wace LLP acquired a new position in ON24 during the 2nd quarter worth approximately $72,000. The Manufacturers Life Insurance Company grew its holdings in 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 acquiring an additional 2,158 shares in the last quarter. Gladius Capital Management LP increased its position in shares of ON24 by 151.2% in the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after purchasing an additional 13,755 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of 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. Hedge funds and other institutional investors own 83.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued 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.