Insider Selling: ON24, Inc. (NYSE:ONTF) CFO Sells 6,624 Shares of Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 6,624 shares of ON24 stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $6.68, for a total transaction of $44,248.32. Following the sale, the chief financial officer now owns 544,386 shares of the company’s stock, valued at approximately $3,636,498.48. The trade was a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, January 3rd, Steven Vattuone sold 18,376 shares of ON24 stock. The shares were sold at an average price of $6.59, for a total transaction of $121,097.84.
• 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 value of $50,429.22.
• On Monday, December 2nd, Steven Vattuone sold 4,269 shares of ON24 stock. The stock was sold at an average price of $6.63, for a total value of $28,303.47.
• On Wednesday, November 20th, Steven Vattuone sold 4,383 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total transaction of $27,569.07.

ON24 Trading Down 0.2 %

ONTF opened at $6.57 on Thursday. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $8.35. The business’s 50-day moving average price is $6.54 and its 200-day moving average price is $6.30. The company has a market cap of $273.65 million, a P/E ratio of -6.32 and a beta of 0.50.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On ON24

A number of large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in shares of ON24 by 14.5% in the second quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company’s stock worth $590,000 after purchasing an additional 12,400 shares during the last quarter. Acadian Asset Management LLC boosted its position in ON24 by 19.2% during the 2nd quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock valued at $3,362,000 after buying an additional 90,058 shares during the period. Dimensional Fund Advisors LP grew its holdings in ON24 by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock worth $8,830,000 after acquiring an additional 22,577 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of ON24 by 12.9% in the second 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 during the period. Finally, Marshall Wace LLP purchased a new position in shares of ON24 in the second quarter valued at about $72,000. 83.93% of the stock is owned by hedge funds and other institutional investors.

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.