ON24, Inc. (NYSE:ONTF) Director Dominique Trempont Sells 4,250 Shares

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

ON24 Price Performance

Shares of NYSE:ONTF opened at $6.94 on Tuesday. The business has a 50 day simple moving average of $6.43 and a two-hundred day simple moving average of $6.20. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35. The firm has a market capitalization of $289.05 million, a PE ratio of -6.67 and a beta of 0.51.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On ON24

A number of large investors have recently bought and sold shares of ONTF. SG Americas Securities LLC purchased a new stake in ON24 in the third quarter worth $62,000. Marshall Wace LLP purchased a new position in ON24 in the 2nd quarter worth about $72,000. The Manufacturers Life Insurance Company lifted its holdings 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 buying an additional 2,158 shares in the last quarter. Gladius Capital Management LP boosted 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 valued at $140,000 after buying an additional 13,755 shares during the period. Finally, FMR LLC grew its stake in ON24 by 45.0% in the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after acquiring an additional 8,528 shares in the last quarter. Hedge funds and other institutional investors own 83.93% of the company’s stock.

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.