Steven Vattuone Sells 3,094 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 3,094 shares of ON24 stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.38, for a total value of $19,739.72. Following the completion of the sale, the chief financial officer now directly owns 531,292 shares in the company, valued at $3,389,642.96. This represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, February 12th, Steven Vattuone sold 6,146 shares of ON24 stock. The shares were sold at an average price of $6.68, for a total value of $41,055.28.
• On Monday, February 10th, Steven Vattuone sold 1,879 shares of ON24 stock. The stock was sold at an average price of $6.85, for a total value of $12,871.15.
• On Tuesday, January 21st, Steven Vattuone sold 4,997 shares of ON24 stock. The shares were sold at an average price of $6.52, for a total value of $32,580.44.
• 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 shares were sold at an average price of $6.50, for a total value of $3,250.00.
• On Monday, January 6th, Steven Vattuone sold 6,624 shares of ON24 stock. The shares were sold at an average price of $6.68, for a total value of $44,248.32.
• On Friday, January 3rd, Steven Vattuone sold 18,376 shares of ON24 stock. The shares were sold at an average price of $6.59, for a total value of $121,097.84.
• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The stock was 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 stock was sold at an average price of $6.69, for a total value of $50,429.22.

ON24 Price Performance

Shares of ON24 stock opened at $6.12 on Friday. The company has a market capitalization of $254.69 million, a PE ratio of -5.88 and a beta of 0.52. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $8.28. The business has a 50-day moving average of $6.63 and a 200-day moving average of $6.42.

Hedge Funds Weigh In On ON24

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in ON24 by 43.5% in the fourth quarter. JPMorgan Chase & Co. now owns 821,461 shares of the company’s stock valued at $5,307,000 after acquiring an additional 249,045 shares during the period. Bridgeway Capital Management LLC boosted its stake in ON24 by 50.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 363,948 shares of the company’s stock valued at $2,351,000 after acquiring an additional 122,700 shares during the period. BNP Paribas Financial Markets acquired a new position in ON24 in the fourth quarter valued at approximately $777,000. P.A.W. Capital Corp acquired a new position in ON24 in the fourth quarter valued at approximately $484,000. Finally, Norges Bank acquired a new position in ON24 in the fourth quarter valued at approximately $428,000. 83.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.