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

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 4,250 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $6.94, for a total value of $29,495.00. Following the completion of the transaction, the director now directly owns 254,600 shares in the company, valued at approximately $1,766,924. This represents a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 15th, Dominique Trempont sold 4,250 shares of ON24 stock. The shares were sold at an average price of $6.40, for a total transaction of $27,200.00.
• On Thursday, December 12th, Dominique Trempont sold 4,250 shares of ON24 stock. The stock was sold at an average price of $6.98, for a total transaction of $29,665.00.

ON24 Stock Performance

NYSE:ONTF opened at $6.64 on Thursday. The stock has a 50-day simple moving average of $6.66 and a two-hundred day simple moving average of $6.41. The firm has a market capitalization of $276.68 million, a PE ratio of -6.39 and a beta of 0.52. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $8.30.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in ON24 by 43.5% during the fourth quarter. JPMorgan Chase & Co. now owns 821,461 shares of the company’s stock valued at $5,307,000 after purchasing an additional 249,045 shares in the last quarter. Bridgeway Capital Management LLC raised its position in shares of ON24 by 50.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 363,948 shares of the company’s stock valued at $2,351,000 after purchasing an additional 122,700 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of ON24 during the 4th quarter valued at $777,000. P.A.W. Capital Corp purchased a new position in shares of ON24 during the 4th quarter valued at $484,000. Finally, Norges Bank bought a new position in ON24 in the 4th quarter worth $428,000. 83.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.