ON24, Inc. (NYSE:ONTF) Insider Sells $11,213.45 in Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 1,637 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $6.85, for a total value of $11,213.45. Following the completion of the sale, the insider now owns 696,957 shares in the company, valued at approximately $4,774,155.45. This trade represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, December 16th, Jayesh Sahasi sold 1,100 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total value of $7,700.00.
• On Thursday, December 12th, Jayesh Sahasi sold 5,047 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total value of $35,329.00.
• On Tuesday, December 10th, Jayesh Sahasi sold 100 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $700.00.
• On Wednesday, December 4th, Jayesh Sahasi sold 6,457 shares of ON24 stock. The stock was sold at an average price of $6.69, for a total value of $43,197.33.
• On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The shares were sold at an average price of $6.63, for a total value of $24,239.28.
• On Wednesday, November 20th, Jayesh Sahasi sold 4,089 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total value of $25,719.81.

ON24 Stock Performance

Shares of ONTF traded down $0.07 during trading hours on Tuesday, reaching $6.72. The stock had a trading volume of 130,757 shares, compared to its average volume of 95,050. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $8.35. The stock has a market capitalization of $279.68 million, a PE ratio of -6.46 and a beta of 0.52. The company’s 50-day moving average is $6.65 and its two-hundred day moving average is $6.39.

Analyst Ratings Changes

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

Institutional Trading of ON24

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in ON24 in the third quarter valued at $62,000. Marshall Wace LLP acquired a new stake in ON24 in the second quarter valued at $72,000. The Manufacturers Life Insurance Company increased its holdings in ON24 by 19.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after purchasing an additional 2,158 shares during the period. Gladius Capital Management LP increased its holdings in ON24 by 151.2% in the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after purchasing an additional 13,755 shares during the period. Finally, R Squared Ltd acquired a new stake in ON24 in the fourth quarter valued at $153,000. 83.93% of the stock is currently owned by institutional investors and hedge funds.

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.