ON24, Inc. (NYSE:ONTF) Insider Sells $25,719.81 in Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 4,089 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $6.29, for a total value of $25,719.81. Following the completion of the transaction, the insider now directly owns 713,460 shares in the company, valued at approximately $4,487,663.40. The trade was a 0.57 % 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 hyperlink.

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

• On Monday, September 9th, Jayesh Sahasi sold 1,941 shares of ON24 stock. The shares were sold at an average price of $5.91, for a total value of $11,471.31.
• On Thursday, September 5th, Jayesh Sahasi sold 2,285 shares of ON24 stock. The shares were sold at an average price of $6.16, for a total transaction of $14,075.60.
• On Tuesday, September 3rd, Jayesh Sahasi sold 4,468 shares of ON24 stock. The shares were sold at an average price of $6.35, for a total transaction of $28,371.80.

ON24 Price Performance

ONTF stock opened at $6.43 on Monday. The company’s 50-day simple moving average is $6.25 and its 200-day simple moving average is $6.15. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $8.35.

Institutional Investors Weigh In On ON24

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of ON24 during the 3rd quarter worth about $62,000. Marshall Wace LLP purchased a new stake in shares of ON24 during the 2nd quarter worth about $72,000. The Manufacturers Life Insurance Company boosted its stake in shares of 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 boosted its stake in shares of ON24 by 151.2% during the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after acquiring an additional 13,755 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after acquiring an additional 8,528 shares in the last quarter. 83.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ONTF has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a report on Friday, November 8th. JPMorgan Chase & Co. lowered their price target on shares of ON24 from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

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.