ON24, Inc. (NYSE:ONTF) Insider Sells $224,371.80 in Stock

ON24, Inc. (NYSE:ONTF) insider Sharat Sharan sold 36,189 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $6.20, for a total value of $224,371.80. Following the sale, the insider now directly owns 3,113,728 shares in the company, valued at approximately $19,305,113.60. This represents a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ON24 Stock Performance

Shares of NYSE:ONTF opened at $6.46 on Thursday. The firm has a fifty day moving average price of $6.57 and a 200 day moving average price of $6.32. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $8.35.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted 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 worth $4,366,000 after buying an additional 83,000 shares in the last quarter. Squarepoint Ops LLC bought a new stake in ON24 in the 2nd quarter worth approximately $427,000. Barclays PLC raised its holdings in shares of ON24 by 48.7% during 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 in the last quarter. Jane Street Group LLC boosted its position in shares of ON24 by 91.2% during the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock valued at $374,000 after acquiring an additional 29,148 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of ON24 by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock valued at $8,830,000 after purchasing an additional 22,577 shares in the last quarter. Hedge funds and other institutional investors own 83.93% of the company’s stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “hold” rating on shares of ON24 in a research note on Wednesday.

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.