ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 18,376 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 18,376 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $6.59, for a total transaction of $121,097.84. Following the transaction, the chief financial officer now directly owns 544,386 shares of the company’s stock, valued at $3,587,503.74. The trade was a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 transaction of $44,248.32.
• 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 stock was 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 shares were 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 stock was sold at an average price of $6.29, for a total transaction of $27,569.07.

ON24 Stock Down 1.2 %

Shares of NYSE:ONTF opened at $6.56 on Wednesday. The company’s fifty day moving average is $6.54 and its 200 day moving average is $6.30. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.35. The stock has a market cap of $273.23 million, a PE ratio of -6.31 and a beta of 0.50.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On ON24

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in ON24 during the 3rd quarter worth approximately $62,000. Marshall Wace LLP purchased a new stake in shares of ON24 during the second quarter valued at approximately $72,000. The Manufacturers Life Insurance Company grew its holdings in shares of ON24 by 19.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after purchasing an additional 2,158 shares during the last quarter. Gladius Capital Management LP increased its stake in shares of ON24 by 151.2% in the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after buying an additional 13,755 shares during the period. Finally, FMR LLC raised its holdings in ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after buying an additional 8,528 shares during the last quarter. Institutional investors own 83.93% of the company’s stock.

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.