ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 22,047 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 22,047 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $5.63, for a total transaction of $124,124.61. Following the transaction, the chief financial officer now owns 490,800 shares of the company’s stock, valued at approximately $2,763,204. This trade represents a 4.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, March 3rd, Steven Vattuone sold 8,283 shares of ON24 stock. The stock was sold at an average price of $5.57, for a total value of $46,136.31.
• On Thursday, February 20th, Steven Vattuone sold 3,094 shares of ON24 stock. The stock was sold at an average price of $6.38, for a total value of $19,739.72.
• 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 stock was sold at an average price of $6.50, for a total transaction 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 transaction 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 transaction 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.

ON24 Stock Performance

Shares of NYSE ONTF opened at $5.67 on Thursday. The firm has a market cap of $235.95 million, a price-to-earnings ratio of -5.45 and a beta of 0.55. The business’s 50-day simple moving average is $6.49 and its 200-day simple moving average is $6.40. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $7.38.

Institutional Trading of ON24

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ONTF. SG Americas Securities LLC grew its holdings in ON24 by 38.1% in the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock valued at $91,000 after buying an additional 3,891 shares during the last quarter. Squarepoint Ops LLC grew its holdings in ON24 by 56.6% in the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock valued at $102,000 after buying an additional 5,713 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of ON24 by 25.6% in the 4th quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock worth $112,000 after acquiring an additional 3,518 shares during the period. Gladius Capital Management LP lifted its position in shares of ON24 by 151.2% in the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after acquiring an additional 13,755 shares during the period. Finally, R Squared Ltd bought a new stake in shares of ON24 in the 4th quarter worth approximately $153,000. Institutional investors and hedge funds own 83.93% of the company’s stock.

Analysts Set New Price Targets

ONTF has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research note on Wednesday, February 26th. William Blair reissued a “market perform” rating on shares of ON24 in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their price objective on ON24 from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th.

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.