ON24, Inc. (NYSE:ONTF) Insider Sells $21,149.70 in Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 3,315 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.38, for a total transaction of $21,149.70. Following the transaction, the insider now owns 691,970 shares of the company’s stock, valued at $4,414,768.60. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Jayesh Sahasi also recently made the following trade(s):

• On Monday, February 10th, Jayesh Sahasi sold 1,637 shares of ON24 stock. The shares were sold at an average price of $6.85, for a total value of $11,213.45.
• On Monday, December 16th, Jayesh Sahasi sold 1,100 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $7,700.00.
• On Thursday, December 12th, Jayesh Sahasi sold 5,047 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total value of $35,329.00.
• On Tuesday, December 10th, Jayesh Sahasi sold 100 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total value of $700.00.
• On Wednesday, December 4th, Jayesh Sahasi sold 6,457 shares of ON24 stock. The stock was sold at an average price of $6.69, for a total transaction of $43,197.33.
• On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The shares were sold at an average price of $6.63, for a total transaction of $24,239.28.

ON24 Trading Down 3.7 %

Shares of ONTF stock opened at $6.12 on Friday. ON24, Inc. has a 12-month low of $5.37 and a 12-month high of $8.28. The business’s 50 day moving average is $6.63 and its two-hundred day moving average is $6.42. The company has a market capitalization of $254.69 million, a P/E ratio of -5.88 and a beta of 0.52.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in ON24 by 43.5% in the 4th quarter. JPMorgan Chase & Co. now owns 821,461 shares of the company’s stock worth $5,307,000 after acquiring an additional 249,045 shares in the last quarter. Bridgeway Capital Management LLC grew its position in shares of ON24 by 50.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 363,948 shares of the company’s stock valued at $2,351,000 after purchasing an additional 122,700 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of ON24 during the fourth quarter worth about $777,000. P.A.W. Capital Corp acquired a new position in shares of ON24 during the 4th quarter worth about $484,000. Finally, Norges Bank purchased a new position in ON24 in the 4th quarter valued at about $428,000. 83.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed 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.