SG Americas Securities LLC Grows Stock Holdings in ON24, Inc. (NYSE:ONTF)

SG Americas Securities LLC increased its position in ON24, Inc. (NYSE:ONTF) by 38.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,092 shares of the company’s stock after buying an additional 3,891 shares during the quarter. SG Americas Securities LLC’s holdings in ON24 were worth $91,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in ON24 by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after acquiring an additional 2,158 shares during the last quarter. Gladius Capital Management LP raised its holdings in shares of ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after purchasing an additional 13,755 shares during the period. FMR LLC raised its holdings in shares of ON24 by 45.0% during the third quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after purchasing an additional 8,528 shares during the period. Jane Street Group LLC increased its holdings in shares of ON24 by 91.2% in the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock worth $374,000 after acquiring an additional 29,148 shares during the period. Finally, Barclays PLC increased its holdings in shares of ON24 by 48.7% in the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock worth $624,000 after acquiring an additional 33,352 shares during the period. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “hold” rating on shares of ON24 in a research report on Wednesday, January 15th.

ON24 Trading Up 3.9 %

NYSE:ONTF opened at $6.93 on Friday. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.35. The company has a 50-day moving average of $6.66 and a 200-day moving average of $6.40. The firm has a market cap of $288.63 million, a price-to-earnings ratio of -6.66 and a beta of 0.52.

Insiders Place Their Bets

In other news, CFO Steven Vattuone sold 4,383 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $6.29, for a total value of $27,569.07. Following the completion of the sale, the chief financial officer now directly owns 583,591 shares of the company’s stock, valued at $3,670,787.39. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sharat Sharan sold 36,189 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $6.20, for a total transaction of $224,371.80. Following the transaction, the insider now directly owns 3,113,728 shares in the company, valued at approximately $19,305,113.60. The trade was a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 167,490 shares of company stock worth $1,099,848 over the last ninety days. 32.30% of the stock is currently owned by company insiders.

ON24 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.