Steven Vattuone Sells 5,251 Shares of ON24 (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 5,251 shares of ON24 stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $5.52, for a total transaction of $28,985.52. Following the sale, the chief financial officer owned 607,905 shares in the company, valued at approximately $3,355,635.60. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, September 9th, Steven Vattuone sold 20,116 shares of ON24 stock. The stock was sold at an average price of $5.54, for a total transaction of $111,442.64.
• On Monday, September 8th, Steven Vattuone sold 4,195 shares of ON24 stock. The shares were sold at an average price of $5.58, for a total value of $23,408.10.
• On Thursday, September 4th, Steven Vattuone sold 6,394 shares of ON24 stock. The shares were sold at an average price of $5.52, for a total value of $35,294.88.
• On Wednesday, September 3rd, Steven Vattuone sold 3,549 shares of ON24 stock. The stock was sold at an average price of $5.43, for a total value of $19,271.07.
• On Tuesday, September 2nd, Steven Vattuone sold 3,222 shares of ON24 stock. The shares were sold at an average price of $5.60, for a total value of $18,043.20.
• On Thursday, August 21st, Steven Vattuone sold 5,117 shares of ON24 stock. The stock was sold at an average price of $5.25, for a total value of $26,864.25.
• On Wednesday, August 20th, Steven Vattuone sold 3,094 shares of ON24 stock. The shares were sold at an average price of $5.21, for a total value of $16,119.74.

ON24 Stock Performance

ONTF opened at $5.44 on Thursday. The firm has a market cap of $229.95 million, a price-to-earnings ratio of -6.32 and a beta of 0.66. The firm’s 50-day simple moving average is $5.27 and its 200-day simple moving average is $5.27. ON24, Inc. has a twelve month low of $4.35 and a twelve month high of $7.03.

Institutional Investors Weigh In On ON24

Hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in ON24 by 25.6% in the 4th quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock valued at $112,000 after acquiring an additional 3,518 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of ON24 by 30.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 47,632 shares of the company’s stock valued at $308,000 after purchasing an additional 11,234 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of ON24 in the fourth quarter valued at approximately $777,000. Bank of America Corp DE increased its stake in shares of ON24 by 18.6% in the 4th quarter. Bank of America Corp DE now owns 47,999 shares of the company’s stock valued at $310,000 after buying an additional 7,531 shares during the period. Finally, Millennium Management LLC raised its position in shares of ON24 by 84.8% during the fourth quarter. Millennium Management LLC now owns 142,387 shares of the company’s stock worth $920,000 after acquiring an additional 65,322 shares during the last quarter. Institutional investors own 83.93% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of ON24 from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.33.

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.