Boston Partners Sells 47,140 Shares of ON24, Inc. (NYSE:ONTF)

Boston Partners trimmed its position in ON24, Inc. (NYSE:ONTF) by 44.6% during the 4th quarter, HoldingsChannel reports. The firm owned 58,589 shares of the company’s stock after selling 47,140 shares during the period. Boston Partners’ holdings in ON24 were worth $378,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of ON24 by 38.1% in the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock worth $91,000 after purchasing an additional 3,891 shares in the last quarter. R Squared Ltd purchased a new stake in ON24 in the fourth quarter worth about $153,000. FMR LLC raised its stake in shares of ON24 by 45.0% in the third quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after buying an additional 8,528 shares during the period. Jane Street Group LLC lifted its position in shares of 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 buying an additional 29,148 shares in the last quarter. Finally, P.A.W. Capital Corp bought a new position in shares of ON24 during the 4th quarter valued at approximately $484,000. 83.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CFO Steven Vattuone sold 6,624 shares of ON24 stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $6.68, for a total value of $44,248.32. Following the sale, the chief financial officer now directly owns 544,386 shares of the company’s stock, valued at approximately $3,636,498.48. The trade was a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jayesh Sahasi sold 35,564 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $5.48, for a total value of $194,890.72. Following the transaction, the insider now directly owns 644,989 shares of the company’s stock, valued at approximately $3,534,539.72. The trade was a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 206,529 shares of company stock worth $1,174,541 and sold 184,617 shares worth $1,111,394. 32.30% of the stock is currently owned by corporate insiders.

ON24 Trading Up 2.2 %

NYSE:ONTF opened at $5.50 on Monday. The stock has a 50-day moving average price of $6.27 and a 200 day moving average price of $6.34. The stock has a market capitalization of $232.66 million, a P/E ratio of -5.29 and a beta of 0.55. ON24, Inc. has a 12-month low of $5.22 and a 12-month high of $7.38.

ON24 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.