75,000 Shares in ON24, Inc. (NYSE:ONTF) Acquired by P.A.W. Capital Corp

P.A.W. Capital Corp acquired a new position in ON24, Inc. (NYSE:ONTF) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 75,000 shares of the company’s stock, valued at approximately $484,000. ON24 comprises about 0.9% of P.A.W. Capital Corp’s investment portfolio, making the stock its 16th largest holding.

A number of other large investors have also added to or reduced their stakes in ONTF. SG Americas Securities LLC bought a new stake in ON24 in the 3rd quarter worth approximately $62,000. Gladius Capital Management LP grew its position 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. FMR LLC grew its position in ON24 by 45.0% in 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. Jane Street Group LLC grew its position in ON24 by 91.2% in the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock worth $374,000 after purchasing an additional 29,148 shares during the period. Finally, Barclays PLC grew its position in ON24 by 48.7% in the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock worth $624,000 after purchasing an additional 33,352 shares during the period. Institutional investors own 83.93% of the company’s stock.

ON24 Price Performance

Shares of ONTF stock opened at $6.12 on Friday. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.28. The firm has a fifty day moving average price of $6.63 and a 200-day moving average price of $6.42. The company has a market cap of $254.69 million, a price-to-earnings ratio of -5.88 and a beta of 0.52.

Insider Activity

In other news, CFO Steven Vattuone sold 3,830 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $6.96, for a total transaction of $26,656.80. Following the completion of the sale, the chief financial officer now owns 560,885 shares of the company’s stock, valued at $3,903,759.60. The trade was a 0.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sharat Sharan sold 36,189 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $6.20, for a total transaction of $224,371.80. Following the sale, the insider now directly owns 3,113,728 shares of the company’s stock, valued at approximately $19,305,113.60. The trade was a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 168,637 shares of company stock valued at $1,110,727 in the last 90 days. Company insiders own 32.30% of the company’s stock.

Wall Street Analyst Weigh In

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