ON24 (ONTF) to Release Earnings on Tuesday

ON24 (NYSE:ONTF) is anticipated to release its earnings data after the market closes on Tuesday, February 25th. Analysts expect ON24 to post earnings of $0.02 per share and revenue of $35.87 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

ON24 Trading Down 0.1 %

NYSE ONTF opened at $6.93 on Tuesday. ON24 has a 12-month low of $5.37 and a 12-month high of $8.35. The company has a 50 day moving average price of $6.67 and a two-hundred day moving average price of $6.40.

Insider Transactions at ON24

In related news, CFO Steven Vattuone sold 4,383 shares of ON24 stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $6.29, for a total value of $27,569.07. Following the transaction, the chief financial officer now owns 583,591 shares in the company, valued at $3,670,787.39. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dominique Trempont sold 4,250 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $6.98, for a total value of $29,665.00. Following the transaction, the director now directly owns 263,100 shares of the company’s stock, valued at $1,836,438. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,490 shares of company stock worth $1,099,848. 32.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.