Quadrature Capital Ltd Sells 38,375 Shares of ON24, Inc. (NYSE:ONTF)

Quadrature Capital Ltd lowered its holdings in ON24, Inc. (NYSE:ONTF) by 69.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,971 shares of the company’s stock after selling 38,375 shares during the period. Quadrature Capital Ltd’s holdings in ON24 were worth $104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ONTF. SG Americas Securities LLC bought a new stake in shares of ON24 during the 3rd quarter worth approximately $62,000. Marshall Wace LLP bought a new stake in ON24 during the second quarter worth $72,000. The Manufacturers Life Insurance Company increased its stake in shares of ON24 by 19.1% in the 2nd 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 during the last quarter. Gladius Capital Management LP increased its stake in shares of ON24 by 151.2% in the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after purchasing an additional 13,755 shares during the last quarter. Finally, FMR LLC lifted its position 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 buying an additional 8,528 shares during the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

ON24 Price Performance

Shares of NYSE:ONTF opened at $6.97 on Friday. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35. The business’s 50-day moving average is $6.40 and its 200-day moving average is $6.18. The company has a market capitalization of $290.31 million, a price-to-earnings ratio of -6.70 and a beta of 0.51.

Insiders Place Their Bets

In related news, CFO Steven Vattuone sold 4,383 shares of the firm’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 $27,569.07. Following the transaction, the chief financial officer now directly owns 583,591 shares of the company’s stock, valued at $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 this link. Also, insider Jayesh Sahasi sold 5,047 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $7.00, for a total transaction of $35,329.00. Following the completion of the sale, the insider now directly owns 692,045 shares of the company’s stock, valued at $4,844,315. The trade was a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,686 shares of company stock worth $694,459. Corporate insiders own 32.30% of the company’s stock.

Analysts Set New Price Targets

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

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.