Jayesh Sahasi Sells 3,656 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 3,656 shares of ON24 stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $6.63, for a total transaction of $24,239.28. Following the completion of the transaction, the insider now directly owns 709,804 shares in the company, valued at $4,706,000.52. The trade was a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, December 4th, Jayesh Sahasi sold 6,457 shares of ON24 stock. The shares were sold at an average price of $6.69, for a total value of $43,197.33.
• On Wednesday, November 20th, Jayesh Sahasi sold 4,089 shares of ON24 stock. The stock was sold at an average price of $6.29, for a total transaction of $25,719.81.
• On Monday, September 9th, Jayesh Sahasi sold 1,941 shares of ON24 stock. The shares were sold at an average price of $5.91, for a total value of $11,471.31.
• On Thursday, September 5th, Jayesh Sahasi sold 2,285 shares of ON24 stock. The shares were sold at an average price of $6.16, for a total transaction of $14,075.60.

ON24 Stock Down 1.2 %

Shares of NYSE:ONTF opened at $6.57 on Friday. The company has a market capitalization of $273.65 million, a P/E ratio of -6.32 and a beta of 0.51. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $8.35. The stock’s fifty day simple moving average is $6.31 and its 200-day simple moving average is $6.16.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of ON24 during the third quarter worth $62,000. Marshall Wace LLP purchased a new stake in shares of ON24 during the 2nd quarter worth about $72,000. The Manufacturers Life Insurance Company grew its stake in ON24 by 19.1% during the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after buying an additional 2,158 shares during the period. Gladius Capital Management LP boosted its position in ON24 by 151.2% during the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after purchasing an additional 13,755 shares during the period. Finally, FMR LLC grew its stake in shares of ON24 by 45.0% in the third quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after buying an additional 8,528 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

Analyst Ratings Changes

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

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.