ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 4,997 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 4,997 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $6.52, for a total transaction of $32,580.44. Following the completion of the sale, the chief financial officer now directly owns 537,867 shares in the company, valued at approximately $3,506,892.84. This represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, January 17th, Steven Vattuone sold 1,022 shares of ON24 stock. The shares were sold at an average price of $6.50, for a total transaction of $6,643.00.
• On Wednesday, January 15th, Steven Vattuone sold 500 shares of ON24 stock. The stock was sold at an average price of $6.50, for a total value of $3,250.00.
• 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 value of $44,248.32.
• On Friday, January 3rd, Steven Vattuone sold 18,376 shares of ON24 stock. The stock was sold at an average price of $6.59, for a total value of $121,097.84.
• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The stock was 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 shares were sold at an average price of $6.70, for a total transaction of $114,067.50.
• On Wednesday, December 4th, Steven Vattuone sold 7,538 shares of ON24 stock. The stock was 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 shares were sold at an average price of $6.29, for a total value of $27,569.07.

ON24 Stock Performance

Shares of ONTF stock opened at $6.55 on Friday. The firm has a fifty day simple moving average of $6.55 and a two-hundred day simple moving average of $6.34. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $8.35.

ON24 (NYSE:ONTF) last posted its earnings results on Thursday, November 7th. The company reported ($0.26) EPS for the quarter. ON24 had a negative return on equity of 23.10% and a negative net margin of 28.63%. The business had revenue of $36.33 million for the quarter, compared to the consensus estimate of $35.55 million. During the same period in the previous year, the firm earned ($0.23) earnings per share. As a group, analysts predict that ON24, Inc. will post -0.81 earnings per share for the current year.

Institutional Trading of ON24

Several institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in ON24 by 19.1% during the second 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 in the last quarter. SG Americas Securities LLC boosted its holdings in ON24 by 38.1% during the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock worth $91,000 after acquiring an additional 3,891 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of ON24 by 8.8% in the second quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company’s stock valued at $395,000 after purchasing an additional 5,337 shares during the last quarter. FMR LLC raised its holdings 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 purchasing an additional 8,528 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of ON24 during the second quarter valued at about $72,000. 83.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

ON24 Company 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.