ON24 (NYSE:ONTF – Get Free Report)‘s stock had its “hold” rating reiterated by equities researchers at Needham & Company LLC in a report released on Wednesday,Benzinga reports.
ON24 Price Performance
ON24 stock opened at $6.32 on Wednesday. The business has a 50 day simple moving average of $6.57 and a 200-day simple moving average of $6.32. ON24 has a 12 month low of $5.37 and a 12 month high of $8.35. The stock has a market capitalization of $263.23 million, a PE ratio of -6.08 and a beta of 0.50.
Insider Transactions at ON24
In other ON24 news, CRO James Blackie sold 4,649 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $6.29, for a total transaction of $29,242.21. Following the completion of the transaction, the executive now directly owns 421,187 shares in the company, valued at approximately $2,649,266.23. This trade represents a 1.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $44,248.32. Following the transaction, the chief financial officer now 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,176 shares of company stock worth $748,624. Company insiders own 32.30% of the company’s stock.
Institutional Inflows and Outflows
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.
Recommended Stories
- Five stocks we like better than ON24
- Consumer Staples Stocks, Explained
- Everything You Need to Know About Palantir’s Stock Slide
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Why Nike Is on The Verge of a Massive Comeback Rally
- What Does a Stock Split Mean?
- 3 Stocks With Strong Capital Returns and Insider Buying Signals
Receive News & Ratings for ON24 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON24 and related companies with MarketBeat.com's FREE daily email newsletter.