ON24, Inc. (NYSE:ONTF) Insider Jayesh Sahasi Sells 3,696 Shares

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 3,696 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $5.41, for a total value of $19,995.36. Following the completion of the transaction, the insider now directly owns 569,976 shares of the company’s stock, valued at approximately $3,083,570.16. The trade was a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, March 18th, Jayesh Sahasi sold 35,564 shares of ON24 stock. The stock was sold at an average price of $5.48, for a total value of $194,890.72.
• 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 Price Performance

Shares of NYSE:ONTF opened at $5.50 on Friday. The business’s 50-day moving average is $6.27 and its 200 day moving average is $6.33. ON24, Inc. has a 1 year low of $5.22 and a 1 year high of $7.38. The firm has a market capitalization of $232.66 million, a P/E ratio of -5.29 and a beta of 0.55.

Analyst Upgrades and Downgrades

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

Institutional Trading of ON24

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in ON24 by 38.1% during the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock valued at $91,000 after purchasing an additional 3,891 shares during the last quarter. Squarepoint Ops LLC grew its stake in ON24 by 56.6% during the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock valued at $102,000 after purchasing an additional 5,713 shares during the last quarter. Wells Fargo & Company MN grew its stake in ON24 by 25.6% during the 4th quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock valued at $112,000 after purchasing an additional 3,518 shares during the last quarter. R Squared Ltd purchased a new stake in ON24 during the 4th quarter valued at about $153,000. Finally, FMR LLC grew its stake in ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after purchasing an additional 8,528 shares during the last quarter. Hedge funds and other institutional investors own 83.93% of the company’s stock.

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.