Jacobs Levy Equity Management Inc. Has $2.30 Million Stake in ON24, Inc. (NYSE:ONTF)

Jacobs Levy Equity Management Inc. decreased its position in ON24, Inc. (NYSE:ONTF) by 19.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 374,995 shares of the company’s stock after selling 90,958 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in ON24 were worth $2,295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its holdings in 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 buying an additional 8,528 shares during the period. Gladius Capital Management LP lifted its holdings in ON24 by 151.2% in the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after buying an additional 13,755 shares during the period. SG Americas Securities LLC acquired a new position in ON24 in the third quarter valued at $62,000. Cubist Systematic Strategies LLC lifted its holdings in 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 buying an additional 5,337 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in ON24 by 19.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after purchasing an additional 2,158 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

ON24 Trading Up 0.9 %

ONTF opened at $6.63 on Friday. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $8.35. The company has a market cap of $276.14 million, a P/E ratio of -6.38 and a beta of 0.51. The company has a fifty day moving average price of $6.33 and a two-hundred day moving average price of $6.17.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at ON24

In other news, CRO James Blackie sold 4,649 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $6.29, for a total transaction of $29,242.21. Following the completion of the sale, the executive now directly owns 421,187 shares of the company’s stock, valued at $2,649,266.23. The trade was a 1.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Steven Vattuone sold 7,094 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $5.86, for a total transaction of $41,570.84. Following the sale, the chief financial officer now directly owns 542,974 shares of the company’s stock, valued at approximately $3,181,827.64. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,741 shares of company stock valued at $736,099. Corporate insiders own 32.30% 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.