ON24, Inc. (NYSE:ONTF) Director Buys $48,934.65 in Stock

ON24, Inc. (NYSE:ONTF) Director Anil Arora bought 8,661 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $5.65 per share, for a total transaction of $48,934.65. Following the acquisition, the director now owns 126,048 shares of the company’s stock, valued at $712,171.20. This represents a 7.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Anil Arora also recently made the following trade(s):

• On Tuesday, March 11th, Anil Arora bought 39 shares of ON24 stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $214.50.

ON24 Stock Performance

NYSE ONTF opened at $5.86 on Friday. The stock has a market capitalization of $244.03 million, a P/E ratio of -5.63 and a beta of 0.55. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $7.38. The business’s fifty day moving average is $6.38 and its two-hundred day moving average is $6.37.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ONTF. JPMorgan Chase & Co. raised its stake in ON24 by 43.5% during the 4th quarter. JPMorgan Chase & Co. now owns 821,461 shares of the company’s stock valued at $5,307,000 after purchasing an additional 249,045 shares during the period. Bridgeway Capital Management LLC raised its stake in ON24 by 50.9% during the 4th 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 acquired a new stake in ON24 during the 4th quarter valued at $777,000. P.A.W. Capital Corp acquired a new stake in ON24 during the 4th quarter valued at $484,000. Finally, Norges Bank acquired a new stake in ON24 during the 4th quarter valued at $428,000. Institutional investors own 83.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ONTF. William Blair reissued a “market perform” rating on shares of ON24 in a report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price target on ON24 from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a report on Wednesday, February 26th.

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.