Steven Vattuone Sells 4,997 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 4,997 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $6.52, for a total value of $32,580.44. Following the transaction, the chief financial officer now directly owns 537,867 shares in the company, valued at $3,506,892.84. This represents a 0.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 shares were 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 shares were 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.
• On Monday, December 2nd, Steven Vattuone sold 4,269 shares of ON24 stock. The stock was sold at an average price of $6.63, for a total value of $28,303.47.
• On Wednesday, November 20th, Steven Vattuone sold 4,383 shares of ON24 stock. The stock was sold at an average price of $6.29, for a total value of $27,569.07.

ON24 Stock Up 0.7 %

Shares of ON24 stock traded up $0.05 during trading on Thursday, hitting $6.55. 78,596 shares of the stock traded hands, compared to its average volume of 100,385. The stock has a market cap of $272.64 million, a price-to-earnings ratio of -6.29 and a beta of 0.50. The firm’s fifty day moving average is $6.55 and its 200-day moving average is $6.34. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.35.

ON24 (NYSE:ONTF) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.26) EPS for the quarter. The firm had revenue of $36.33 million for the quarter, compared to the consensus estimate of $35.55 million. ON24 had a negative net margin of 28.63% and a negative return on equity of 23.10%. During the same quarter last year, the company posted ($0.23) earnings per share. On average, analysts forecast that ON24, Inc. will post -0.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On ON24

Several institutional investors have recently bought and sold shares of ONTF. Renaissance Technologies LLC boosted its holdings in ON24 by 12.9% during the 2nd quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock valued at $4,366,000 after acquiring an additional 83,000 shares during the period. Squarepoint Ops LLC purchased a new stake in ON24 during the 2nd quarter valued at about $427,000. Barclays PLC boosted its holdings in ON24 by 48.7% during the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after acquiring an additional 33,352 shares during the period. Jane Street Group LLC boosted its holdings in ON24 by 91.2% during the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock valued at $374,000 after acquiring an additional 29,148 shares during the period. Finally, R Squared Ltd purchased a new stake in ON24 during the 4th quarter valued at about $153,000. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

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.