ON24, Inc. (NYSE:ONTF) Insider Jayesh Sahasi Sells 4,089 Shares of Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 4,089 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $6.29, for a total value of $25,719.81. Following the completion of the transaction, the insider now owns 713,460 shares of the company’s stock, valued at $4,487,663.40. This represents a 0.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jayesh Sahasi also recently made the following trade(s):

• On Monday, September 9th, Jayesh Sahasi sold 1,941 shares of ON24 stock. The stock was sold at an average price of $5.91, for a total value of $11,471.31.
• On Thursday, September 5th, Jayesh Sahasi sold 2,285 shares of ON24 stock. The shares were sold at an average price of $6.16, for a total value of $14,075.60.
• On Tuesday, September 3rd, Jayesh Sahasi sold 4,468 shares of ON24 stock. The shares were sold at an average price of $6.35, for a total value of $28,371.80.

ON24 Stock Performance

NYSE:ONTF opened at $6.43 on Friday. The stock has a 50-day simple moving average of $6.25 and a two-hundred day simple moving average of $6.16. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $8.35. The firm has a market capitalization of $267.81 million, a PE ratio of -6.18 and a beta of 0.46.

Hedge Funds Weigh In On ON24

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of ON24 in the third quarter worth about $62,000. Marshall Wace LLP bought a new position in ON24 during the second quarter valued at approximately $72,000. The Manufacturers Life Insurance Company boosted its stake in ON24 by 19.1% during the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after buying an additional 2,158 shares during the last quarter. Gladius Capital Management LP boosted its stake in ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after buying an additional 13,755 shares during the last quarter. Finally, FMR LLC boosted its stake in ON24 by 45.0% during the third quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after buying an additional 8,528 shares during the last quarter. Institutional investors own 83.93% of the company’s stock.

Analyst Ratings Changes

ONTF has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of ON24 in a research report on Friday, November 8th. JPMorgan Chase & Co. reduced their price objective on ON24 from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

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.