Insider Selling: ON24, Inc. (NYSE:ONTF) Director Sells $29,495.00 in Stock

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 4,250 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $6.94, for a total value of $29,495.00. Following the completion of the sale, the director now owns 254,600 shares of the company’s stock, valued at approximately $1,766,924. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 15th, Dominique Trempont sold 4,250 shares of ON24 stock. The stock was sold at an average price of $6.40, for a total transaction of $27,200.00.
• 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 Down 3.7 %

Shares of NYSE ONTF opened at $6.12 on Friday. The stock’s fifty day simple moving average is $6.63 and its 200 day simple moving average is $6.41. The stock has a market capitalization of $254.70 million, a price-to-earnings ratio of -5.88 and a beta of 0.52. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $8.28.

Hedge Funds Weigh In On ON24

A number of institutional investors have recently bought and sold shares of ONTF. SG Americas Securities LLC purchased a new stake in ON24 during the third quarter valued at about $62,000. Squarepoint Ops LLC lifted its position in shares of ON24 by 56.6% in the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock valued at $102,000 after acquiring an additional 5,713 shares in the last quarter. Wells Fargo & Company MN boosted its stake in ON24 by 25.6% in the 4th quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock worth $112,000 after purchasing an additional 3,518 shares during the period. Gladius Capital Management LP boosted its stake in 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 purchasing an additional 13,755 shares during the period. Finally, R Squared Ltd purchased a new position in ON24 during the 4th quarter worth approximately $153,000. Hedge funds and other institutional investors own 83.93% of the company’s stock.

Analyst Upgrades and Downgrades

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