Sharat Sharan Sells 36,189 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) insider Sharat Sharan sold 36,189 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $6.20, for a total value of $224,371.80. Following the completion of the sale, the insider now directly owns 3,113,728 shares of the company’s stock, valued at $19,305,113.60. The trade was a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

ON24 Stock Up 0.2 %

ON24 stock opened at $6.46 on Friday. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.35. The company’s 50 day moving average price is $6.56 and its two-hundred day moving average price is $6.32. The stock has a market cap of $268.85 million, a P/E ratio of -6.21 and a beta of 0.50.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “hold” rating on shares of ON24 in a research note on Wednesday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC increased its position in shares of ON24 by 48.7% during the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after purchasing an additional 33,352 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of ON24 by 91.2% in the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock worth $374,000 after buying an additional 29,148 shares during the last quarter. FMR LLC grew its position 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 period. Gladius Capital Management LP increased its holdings in ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after buying an additional 13,755 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in ON24 in the third quarter worth about $62,000. 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.