Steven Vattuone Sells 6,624 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 6,624 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $6.68, for a total value of $44,248.32. Following the sale, the chief financial officer now owns 544,386 shares of the company’s stock, valued at approximately $3,636,498.48. This represents a 1.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, January 3rd, Steven Vattuone sold 18,376 shares of ON24 stock. The shares were sold at an average price of $6.59, for a total value of $121,097.84.
• 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 shares were 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 transaction of $27,569.07.

ON24 Stock Down 1.2 %

NYSE ONTF traded down $0.08 on Tuesday, hitting $6.56. 120,984 shares of the stock were exchanged, compared to its average volume of 112,021. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $8.35. The company has a 50-day moving average price of $6.53 and a 200-day moving average price of $6.29. The company has a market cap of $273.23 million, a PE ratio of -6.31 and a beta of 0.50.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On ON24

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of ON24 by 14.5% in the second 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 period. Acadian Asset Management LLC lifted its stake in ON24 by 19.2% in the 2nd quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock valued at $3,362,000 after buying an additional 90,058 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ON24 by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock valued at $8,830,000 after acquiring an additional 22,577 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of 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 during the last quarter. Finally, Marshall Wace LLP purchased a new stake in ON24 in the 2nd quarter worth approximately $72,000. Hedge funds and other institutional investors own 83.93% 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.