ON24, Inc. (NYSE:ONTF) Insider Sells $35,329.00 in Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 5,047 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $7.00, for a total value of $35,329.00. Following the completion of the transaction, the insider now owns 692,045 shares of the company’s stock, valued at $4,844,315. This trade represents a 0.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, December 10th, Jayesh Sahasi sold 100 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total value of $700.00.
• On Wednesday, December 4th, Jayesh Sahasi sold 6,457 shares of ON24 stock. The shares were sold at an average price of $6.69, for a total value of $43,197.33.
• On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The shares were sold at an average price of $6.63, for a total value of $24,239.28.
• On Wednesday, November 20th, Jayesh Sahasi sold 4,089 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total value of $25,719.81.

ON24 Price Performance

Shares of NYSE ONTF opened at $6.91 on Friday. ON24, Inc. has a one year low of $5.37 and a one year high of $8.35. The business’s fifty day moving average price is $6.42 and its 200-day moving average price is $6.19. The stock has a market capitalization of $287.81 million, a PE ratio of -6.64 and a beta of 0.51.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ONTF. Bank of New York Mellon Corp lifted its position in shares of ON24 by 14.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company’s stock valued at $590,000 after buying an additional 12,400 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in ON24 by 19.2% during the 2nd quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock worth $3,362,000 after purchasing an additional 90,058 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in ON24 by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock worth $8,830,000 after purchasing an additional 22,577 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in ON24 by 12.9% during the 2nd quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after purchasing an additional 83,000 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in ON24 during the 2nd quarter worth about $72,000. Hedge funds and other institutional investors own 83.93% of the company’s stock.

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.