ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 3,830 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 3,830 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $6.96, for a total value of $26,656.80. Following the transaction, the chief financial officer now directly owns 560,885 shares in the company, valued at $3,903,759.60. This trade represents a 0.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Steven Vattuone also recently made the following trade(s):

• On Wednesday, December 18th, Steven Vattuone sold 17,025 shares of ON24 stock. The stock was sold at an average price of $6.70, for a total value of $114,067.50.
• On Wednesday, December 4th, Steven Vattuone sold 7,538 shares of ON24 stock. The stock was sold at an average price of $6.69, for a total value of $50,429.22.
• On Monday, December 2nd, Steven Vattuone sold 4,269 shares of ON24 stock. The stock was sold at an average price of $6.63, for a total value of $28,303.47.
• On Wednesday, November 20th, Steven Vattuone sold 4,383 shares of ON24 stock. The stock was sold at an average price of $6.29, for a total value of $27,569.07.

ON24 Trading Down 0.2 %

Shares of NYSE ONTF opened at $6.50 on Friday. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.35. The company has a market capitalization of $270.73 million, a price-to-earnings ratio of -6.25 and a beta of 0.51. The business has a 50 day simple moving average of $6.46 and a 200-day simple moving average of $6.21.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “hold” rating on shares of ON24 in a report on Friday, November 8th.

Institutional Investors Weigh In On ON24

A number of institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in ON24 by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after purchasing an additional 2,158 shares during the period. Cubist Systematic Strategies LLC boosted its position in ON24 by 8.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company’s stock worth $395,000 after acquiring an additional 5,337 shares during the period. FMR LLC lifted its holdings 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 during the period. SG Americas Securities LLC acquired a new stake in shares of ON24 in the third quarter valued at $62,000. Finally, Marshall Wace LLP acquired a new stake in shares of ON24 in the second quarter valued at $72,000. 83.93% of the stock is currently owned by institutional investors.

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.