ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 18,376 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 18,376 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $6.59, for a total transaction of $121,097.84. Following the completion of the transaction, the chief financial officer now directly owns 544,386 shares of the company’s stock, valued at approximately $3,587,503.74. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• 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 transaction of $44,248.32.
• 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 transaction of $26,656.80.
• On Wednesday, December 18th, Steven Vattuone sold 17,025 shares of ON24 stock. The stock was 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 shares were sold at an average price of $6.69, for a total transaction 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 Down 1.2 %

ONTF stock traded down $0.08 during trading on Tuesday, reaching $6.56. The company’s stock had a trading volume of 120,984 shares, compared to its average volume of 112,021. The company’s fifty day moving average is $6.53 and its 200-day moving average is $6.29. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35. The company has a market capitalization of $273.23 million, a P/E ratio of -6.31 and a beta of 0.50.

Institutional Trading of ON24

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of ON24 by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock valued at $8,830,000 after purchasing an additional 22,577 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of ON24 by 12.9% in the second quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock valued at $4,366,000 after purchasing an additional 83,000 shares during the period. Acadian Asset Management LLC grew its holdings in shares of ON24 by 19.2% during the second quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock worth $3,362,000 after buying an additional 90,058 shares in the last quarter. Barclays PLC raised its holdings in shares of ON24 by 48.7% during the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock worth $624,000 after acquiring an additional 33,352 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of ON24 by 14.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company’s stock valued at $590,000 after purchasing an additional 12,400 shares during the last quarter. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “hold” rating on shares of ON24 in a research report on Friday, November 8th.

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.