ON24 (NYSE:ONTF) CFO Sells $183,300.84 in Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 22,884 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $8.01, for a total transaction of $183,300.84. Following the completion of the transaction, the chief financial officer directly owned 457,443 shares of the company’s stock, valued at approximately $3,664,118.43. This represents a 4.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, February 11th, Steven Vattuone sold 422 shares of ON24 stock. The stock was sold at an average price of $7.92, for a total value of $3,342.24.
• On Tuesday, February 10th, Steven Vattuone sold 325 shares of ON24 stock. The shares were sold at an average price of $7.93, for a total value of $2,577.25.
• On Tuesday, December 30th, Steven Vattuone sold 80,000 shares of ON24 stock. The stock was sold at an average price of $7.98, for a total value of $638,400.00.
• On Tuesday, December 9th, Steven Vattuone sold 7,010 shares of ON24 stock. The stock was sold at an average price of $6.04, for a total value of $42,340.40.
• On Wednesday, December 3rd, Steven Vattuone sold 9,453 shares of ON24 stock. The stock was sold at an average price of $5.83, for a total transaction of $55,110.99.
• On Tuesday, December 2nd, Steven Vattuone sold 12,754 shares of ON24 stock. The stock was sold at an average price of $5.66, for a total transaction of $72,187.64.

ON24 Trading Up 0.1%

NYSE ONTF traded up $0.01 on Monday, hitting $8.02. 687,861 shares of the company’s stock traded hands, compared to its average volume of 473,909. The firm’s 50-day moving average price is $7.75 and its two-hundred day moving average price is $6.35. The firm has a market capitalization of $342.05 million, a PE ratio of -11.79 and a beta of 0.60. ON24, Inc. has a 1-year low of $4.35 and a 1-year high of $8.10.

Wall Street Analysts Forecast Growth

ONTF has been the subject of several analyst reports. Wall Street Zen raised ON24 from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Canaccord Genuity Group lifted their price target on ON24 from $6.00 to $8.10 and gave the company a “hold” rating in a research report on Wednesday, December 31st. Robert W. Baird upped their price objective on ON24 from $6.00 to $8.10 and gave the stock a “neutral” rating in a research report on Friday, January 2nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ON24 in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $8.10.

Hedge Funds Weigh In On ON24

Hedge funds have recently bought and sold shares of the business. Trexquant Investment LP boosted its stake in ON24 by 1.0% during the 4th quarter. Trexquant Investment LP now owns 156,670 shares of the company’s stock worth $1,247,000 after purchasing an additional 1,489 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of ON24 by 1.7% in the fourth quarter. AQR Capital Management LLC now owns 112,146 shares of the company’s stock worth $893,000 after buying an additional 1,908 shares in the last quarter. MetLife Investment Management LLC boosted its position in ON24 by 17.0% during the fourth quarter. MetLife Investment Management LLC now owns 17,696 shares of the company’s stock worth $141,000 after acquiring an additional 2,575 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in ON24 by 22.1% during the third quarter. Public Employees Retirement System of Ohio now owns 14,942 shares of the company’s stock worth $85,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in ON24 by 139.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,852 shares of the company’s stock valued at $39,000 after acquiring an additional 2,825 shares in the last quarter. Hedge funds and other institutional investors own 83.93% of the company’s stock.

ON24 Company Profile

ON24, Inc (NYSE: ONTF) is a cloud-based digital experience platform that enables organizations to create, manage and optimize virtual events, webinars and multimedia content. The company’s technology is designed to facilitate interactive, data-driven engagement between enterprises and their audiences, supporting demand generation, lead nurturing, corporate communications and training initiatives.

At the core of ON24’s offering is its webinar and virtual event solution, which provides live and on-demand webcasting, attendee interaction tools and real-time analytics.