Insider Selling: ON24, Inc. (NYSE:ONTF) Insider Sells 3,315 Shares of Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 3,315 shares of ON24 stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.38, for a total value of $21,149.70. Following the completion of the transaction, the insider now directly owns 691,970 shares in the company, valued at $4,414,768.60. This represents a 0.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Jayesh Sahasi also recently made the following trade(s):

• On Monday, February 10th, Jayesh Sahasi sold 1,637 shares of ON24 stock. The stock was sold at an average price of $6.85, for a total value of $11,213.45.
• On Monday, December 16th, Jayesh Sahasi sold 1,100 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $7,700.00.
• On Thursday, December 12th, Jayesh Sahasi sold 5,047 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $35,329.00.
• On Tuesday, December 10th, Jayesh Sahasi sold 100 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $700.00.
• On Wednesday, December 4th, Jayesh Sahasi sold 6,457 shares of ON24 stock. The stock was sold at an average price of $6.69, for a total value of $43,197.33.
• On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The stock was sold at an average price of $6.63, for a total value of $24,239.28.

ON24 Trading Down 3.7 %

NYSE:ONTF traded down $0.24 on Friday, hitting $6.12. 113,357 shares of the company’s stock traded hands, compared to its average volume of 92,258. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.28. The firm has a 50-day moving average price of $6.63 and a 200-day moving average price of $6.41. The company has a market cap of $254.70 million, a PE ratio of -5.88 and a beta of 0.52.

Analyst Ratings Changes

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

Hedge Funds Weigh In On ON24

Several institutional investors and hedge funds have recently bought and sold shares of ONTF. SG Americas Securities LLC purchased a new position in ON24 during the 3rd quarter valued at about $62,000. Gladius Capital Management LP grew its stake in ON24 by 151.2% during 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 in the last quarter. FMR LLC lifted its holdings 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 last quarter. Jane Street Group LLC lifted its holdings in shares of ON24 by 91.2% during the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock valued at $374,000 after buying an additional 29,148 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of ON24 by 48.7% during the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after buying an additional 33,352 shares during the last quarter. Hedge funds and other institutional investors own 83.93% of the company’s stock.

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.