ON24, Inc. (NYSE:ONTF) Director Sells $27,200.00 in Stock

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 4,250 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $6.40, for a total value of $27,200.00. Following the completion of the transaction, the director now owns 258,850 shares of the company’s stock, valued at approximately $1,656,640. The trade was a 1.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dominique Trempont also recently made the following trade(s):

• On Thursday, December 12th, Dominique Trempont sold 4,250 shares of ON24 stock. The shares were sold at an average price of $6.98, for a total value of $29,665.00.

ON24 Stock Down 0.4 %

ONTF traded down $0.03 during midday trading on Friday, hitting $6.42. 125,109 shares of the company traded hands, compared to its average volume of 103,374. The company’s 50-day moving average is $6.56 and its 200 day moving average is $6.32. The firm has a market capitalization of $267.56 million, a PE ratio of -6.18 and a beta of 0.50. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.35.

Institutional Investors Weigh In On ON24

A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its stake in shares of ON24 by 12.9% in the second quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after purchasing an additional 83,000 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in ON24 in the 2nd quarter worth $427,000. Barclays PLC lifted its position in shares of ON24 by 48.7% in the third quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after acquiring an additional 33,352 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of ON24 by 91.2% in the third quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock worth $374,000 after acquiring an additional 29,148 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in ON24 by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock valued at $8,830,000 after purchasing an additional 22,577 shares during the period. Institutional investors own 83.93% of the company’s stock.

Analyst Ratings Changes

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

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.