Steven Vattuone Sells 4,383 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 4,383 shares of ON24 stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $6.29, for a total transaction of $27,569.07. Following the transaction, the chief financial officer now directly owns 583,591 shares of the company’s stock, valued at approximately $3,670,787.39. This trade 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 is available at the SEC website.

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

• On Wednesday, September 11th, Steven Vattuone sold 7,094 shares of ON24 stock. The stock was sold at an average price of $5.86, for a total transaction of $41,570.84.
• On Monday, September 9th, Steven Vattuone sold 2,266 shares of ON24 stock. The shares were sold at an average price of $5.91, for a total transaction of $13,392.06.
• On Thursday, September 5th, Steven Vattuone sold 2,667 shares of ON24 stock. The stock was sold at an average price of $6.16, for a total transaction of $16,428.72.
• On Tuesday, September 3rd, Steven Vattuone sold 5,216 shares of ON24 stock. The shares were sold at an average price of $6.35, for a total value of $33,121.60.

ON24 Price Performance

Shares of NYSE:ONTF opened at $6.43 on Friday. ON24, Inc. has a 12-month low of $5.37 and a 12-month high of $8.35. The company’s 50 day moving average price is $6.25 and its two-hundred day moving average price is $6.15. The firm has a market cap of $267.82 million, a PE ratio of -6.18 and a beta of 0.46.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ONTF shares. Needham & Company LLC reissued a “hold” rating on shares of ON24 in a report on Friday, November 8th. JPMorgan Chase & Co. dropped their target price on ON24 from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th.

Institutional Investors Weigh In On ON24

Several institutional investors have recently made changes to their positions in ONTF. SG Americas Securities LLC bought a new position in ON24 during the 3rd quarter worth $62,000. Marshall Wace LLP acquired a new stake in shares of ON24 during the 2nd quarter worth $72,000. The Manufacturers Life Insurance Company grew its holdings 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 purchasing an additional 2,158 shares in the last quarter. Gladius Capital Management LP increased its position 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 purchasing an additional 13,755 shares during the period. Finally, FMR LLC increased its holdings in ON24 by 45.0% in 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 period. 83.93% of the stock is currently owned by institutional investors.

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.