Insider Selling: ON24, Inc. (NYSE:ONTF) Director Sells 4,250 Shares of Stock

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 4,250 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $6.98, for a total value of $29,665.00. Following the completion of the transaction, the director now owns 263,100 shares of the company’s stock, valued at $1,836,438. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

ON24 Stock Down 3.7 %

Shares of ON24 stock opened at $6.69 on Wednesday. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $8.35. The stock has a market cap of $278.44 million, a PE ratio of -6.43 and a beta of 0.51. The business has a fifty day simple moving average of $6.44 and a 200-day simple moving average of $6.20.

Hedge Funds Weigh In On ON24

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of ON24 in the 3rd quarter valued at about $62,000. Marshall Wace LLP acquired a new position in ON24 in the 2nd quarter valued at approximately $72,000. The Manufacturers Life Insurance Company increased its stake in ON24 by 19.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after buying an additional 2,158 shares during the period. Gladius Capital Management LP lifted its position in ON24 by 151.2% in the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after buying an additional 13,755 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of 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 buying an additional 8,528 shares during the period. Hedge funds and other institutional investors own 83.93% of the company’s stock.

Analyst Ratings Changes

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

About ON24

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.