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 Wednesday, January 15th. The shares were sold at an average price of $6.40, for a total transaction of $27,200.00. Following the completion of the sale, the director now directly owns 258,850 shares in the company, valued at $1,656,640. This trade represents a 1.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Dominique Trempont also recently made the following trade(s):

• On Thursday, December 12th, Dominique Trempont sold 4,250 shares of ON24 stock. The shares were sold at an average price of $6.98, for a total transaction of $29,665.00.

ON24 Stock Performance

Shares of ONTF stock opened at $6.42 on Monday. The stock has a market capitalization of $267.56 million, a P/E ratio of -6.18 and a beta of 0.50. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $8.35. The company has a 50 day moving average price of $6.56 and a 200 day moving average price of $6.33.

Hedge Funds Weigh In On ON24

Several institutional investors have recently modified their holdings of ONTF. SG Americas Securities LLC purchased a new position in ON24 in the third quarter valued at $62,000. Marshall Wace LLP purchased a new position in shares of ON24 in the 2nd quarter valued at about $72,000. The Manufacturers Life Insurance Company grew its position in shares of ON24 by 19.1% during the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after buying an additional 2,158 shares in the last quarter. Gladius Capital Management LP increased its stake in shares of ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after buying an additional 13,755 shares during the period. Finally, FMR LLC raised 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 acquiring an additional 8,528 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research note on Wednesday, January 15th.

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.