Jayesh Sahasi Sells 35,564 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 35,564 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $5.48, for a total transaction of $194,890.72. Following the transaction, the insider now owns 644,989 shares in the company, valued at approximately $3,534,539.72. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, March 20th, Jayesh Sahasi sold 3,696 shares of ON24 stock. The stock was sold at an average price of $5.41, for a total value of $19,995.36.
• On Thursday, February 20th, Jayesh Sahasi sold 3,315 shares of ON24 stock. The stock was sold at an average price of $6.38, for a total value of $21,149.70.
• On Monday, February 10th, Jayesh Sahasi sold 1,637 shares of ON24 stock. The stock was sold at an average price of $6.85, for a total value of $11,213.45.

ON24 Stock Performance

ON24 stock opened at $5.50 on Friday. ON24, Inc. has a one year low of $5.22 and a one year high of $7.38. The business has a fifty day moving average of $6.27 and a two-hundred day moving average of $6.33. The company has a market cap of $232.66 million, a P/E ratio of -5.29 and a beta of 0.55.

Institutional Investors Weigh In On ON24

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its holdings in ON24 by 48.7% in the third quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after acquiring an additional 33,352 shares during the period. Jane Street Group LLC increased its position in shares of ON24 by 91.2% in the third quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock valued at $374,000 after buying an additional 29,148 shares in the last quarter. P.A.W. Capital Corp purchased a new position in shares of ON24 in the fourth quarter valued at $484,000. FMR LLC increased its position in shares of ON24 by 45.0% in the third quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after buying an additional 8,528 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of ON24 by 38.1% in the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock valued at $91,000 after buying an additional 3,891 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

Analyst Ratings Changes

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