Dominique Trempont Sells 4,250 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 4,250 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $6.98, for a total transaction of $29,665.00. Following the transaction, the director now owns 263,100 shares of the company’s stock, valued at approximately $1,836,438. This represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

ON24 Price Performance

NYSE ONTF traded up $0.03 on Monday, hitting $6.94. 96,789 shares of the stock were exchanged, compared to its average volume of 170,314. The business’s fifty day moving average is $6.42 and its 200 day moving average is $6.19. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.35. The company has a market capitalization of $289.05 million, a PE ratio of -6.66 and a beta of 0.51.

Institutional Trading of ON24

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake 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 valued at $81,000 after acquiring an additional 2,158 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in ON24 by 8.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company’s stock worth $395,000 after purchasing an additional 5,337 shares in the last quarter. FMR LLC grew its position in shares of 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 last quarter. SG Americas Securities LLC bought a new stake in shares of ON24 in the 3rd quarter valued at about $62,000. Finally, Marshall Wace LLP bought a new stake in shares of ON24 during the 2nd quarter valued at about $72,000. 83.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “hold” rating on shares of ON24 in a 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.