ON24, Inc. (NYSE:ONTF) CFO Sells $32,580.44 in Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 4,997 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $6.52, for a total value of $32,580.44. Following the completion of the transaction, the chief financial officer now directly owns 537,867 shares of the company’s stock, valued at $3,506,892.84. This represents a 0.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, January 17th, Steven Vattuone sold 1,022 shares of ON24 stock. The shares were sold at an average price of $6.50, for a total value of $6,643.00.
• On Wednesday, January 15th, Steven Vattuone sold 500 shares of ON24 stock. The stock was sold at an average price of $6.50, for a total transaction of $3,250.00.
• On Monday, January 6th, Steven Vattuone sold 6,624 shares of ON24 stock. The stock was sold at an average price of $6.68, for a total transaction of $44,248.32.
• On Friday, January 3rd, Steven Vattuone sold 18,376 shares of ON24 stock. The stock was sold at an average price of $6.59, for a total transaction of $121,097.84.
• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The shares were sold at an average price of $6.96, for a total value of $26,656.80.
• 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 shares were 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 transaction 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 transaction of $27,569.07.

ON24 Stock Up 0.8 %

Shares of NYSE:ONTF opened at $6.62 on Friday. The company’s 50-day moving average price is $6.56 and its 200 day moving average price is $6.35. The company has a market cap of $275.51 million, a PE ratio of -6.36 and a beta of 0.50. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $8.35.

ON24 (NYSE:ONTF) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.26) earnings per share (EPS) for the quarter. ON24 had a negative return on equity of 23.10% and a negative net margin of 28.63%. The business had revenue of $36.33 million for the quarter, compared to analyst estimates of $35.55 million. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. As a group, equities analysts anticipate that ON24, Inc. will post -0.81 EPS for the current year.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research report on Wednesday, January 15th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ONTF. SG Americas Securities LLC bought a new stake in ON24 during the third quarter worth approximately $62,000. Marshall Wace LLP acquired a new position in ON24 during the second quarter worth about $72,000. The Manufacturers Life Insurance Company raised its position in ON24 by 19.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after acquiring an additional 2,158 shares in the last quarter. Gladius Capital Management LP lifted its holdings in ON24 by 151.2% in the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after acquiring an additional 13,755 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of ON24 during the 4th quarter valued at about $153,000. 83.93% of the stock is owned by institutional investors and hedge funds.

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.