ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 17,025 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 17,025 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $6.70, for a total value of $114,067.50. Following the transaction, the chief financial officer now owns 544,386 shares of the company’s stock, valued at approximately $3,647,386.20. The trade was a 3.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The stock was sold at an average price of $6.96, for a total value of $26,656.80.
• On Wednesday, December 4th, Steven Vattuone sold 7,538 shares of ON24 stock. The shares were sold at an average price of $6.69, for a total value of $50,429.22.
• On Monday, December 2nd, Steven Vattuone sold 4,269 shares of ON24 stock. The stock was sold at an average price of $6.63, for a total value of $28,303.47.
• On Wednesday, November 20th, Steven Vattuone sold 4,383 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total transaction of $27,569.07.

ON24 Trading Down 0.2 %

ONTF opened at $6.50 on Friday. The stock has a 50-day moving average of $6.46 and a 200 day moving average of $6.21. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $8.35. The firm has a market cap of $270.73 million, a P/E ratio of -6.25 and a beta of 0.51.

Hedge Funds Weigh In On ON24

A number of institutional investors and hedge funds have recently modified their holdings of ONTF. SG Americas Securities LLC purchased a new stake in ON24 during the 3rd quarter valued at $62,000. Marshall Wace LLP bought a new position in ON24 during the second quarter valued at $72,000. The Manufacturers Life Insurance Company raised 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 during the period. Gladius Capital Management LP lifted its holdings 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 worth $140,000 after acquiring an additional 13,755 shares during the last quarter. Finally, FMR LLC boosted its stake 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 purchasing an additional 8,528 shares during the period. Hedge funds and other institutional investors own 83.93% of the company’s stock.

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.

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.