ON24 (NYSE:ONTF) Announces Quarterly Earnings Results

ON24 (NYSE:ONTF) announced its earnings results on Tuesday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.22), Zacks reports. ON24 had a negative return on equity of 23.10% and a negative net margin of 28.63%. ON24 updated its Q1 2025 guidance to -0.030–0.010 EPS and its FY 2025 guidance to 0.020-0.050 EPS.

ON24 Stock Down 0.1 %

Shares of ONTF stock traded down $0.01 during mid-day trading on Tuesday, reaching $6.09. The stock had a trading volume of 135,459 shares, compared to its average volume of 95,166. ON24 has a one year low of $5.37 and a one year high of $7.48. The firm’s 50 day simple moving average is $6.62 and its 200 day simple moving average is $6.42. The firm has a market cap of $253.45 million, a PE ratio of -5.85 and a beta of 0.52.

Wall Street Analyst Weigh In

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

Insider Transactions at ON24

In other news, insider Sharat Sharan sold 36,189 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $6.20, for a total value of $224,371.80. Following the sale, the insider now directly owns 3,113,728 shares in the company, valued at $19,305,113.60. The trade was a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Steven Vattuone sold 3,830 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $6.96, for a total value of $26,656.80. Following the completion of the transaction, the chief financial officer now owns 560,885 shares of the company’s stock, valued at approximately $3,903,759.60. This represents a 0.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 168,637 shares of company stock valued at $1,110,727. Corporate insiders own 32.30% of the company’s stock.

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.