ON24, Inc. (NYSE:ONTF – Get Rating) CFO Steven Vattuone sold 11,229 shares of the company’s shares in a transaction that took place on Wednesday, March 15th. The stock sold at an average price of $7.61 for a total transaction of $85,452.69. Upon completion of the transaction, the Chief Financial Officer now owns 249,092 shares of the Company, valued at $1,895,590.12. The sale was disclosed in a legal filing with the SEC, which can be accessed at this hyperlink.
ON24 is trading down 0.9%
ONTF shares fell $0.07 on Friday to hit $7.76. The company had a trading volume of 859,519 shares compared to its average volume of 333,702. The stock has a market cap of $368.44 million, a price to earnings ratio of -6.41 and a beta of 0.08. The stock’s 50-day simple moving average is $9.03 and its 200-day simple moving average is $8.55. ON24, Inc. has a 12-month low of $6.95 and a 12-month high of $14.65.
Hedge funds evaluate ON24
Several hedge funds and other institutional investors recently changed their holdings in the company. Signaturefd LLC increased its ownership interest in ON24 shares by 77.0% in the fourth quarter. Signaturefd LLC now owns 2,857 shares of the Company’s stock valued at $25,000, having purchased an additional 1,243 shares during the period. The State of Wyoming acquired a new stake in ON24 stock valued at approximately $26,000 during the fourth quarter. Quadrant Capital Group LLC increased its stake in ON24 shares by 641.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,115 shares of the Company’s stock valued at $27,000 after purchasing an additional 2,695 shares during the period. UBS Group AG increased its holdings of ON24 shares by 229.8% in the second quarter. UBS Group AG now owns 3,225 shares of the company, valued at $31,000, after buying another 2,247 shares last quarter. Finally, Zürcher Kantonalbank increased its position in ON24 by 1,092.0% in the second quarter. Zurich Cantonal Bank Zurich Cantonal Bank now owns 4,601 shares of the company, valued at $44,000, after purchasing an additional 4,215 shares during the period. 78.61% of the shares are owned by institutional investors.
Analyst upgrades and downgrades
Separately, on Wednesday, March 1, Needham & Company LLC restated a rating of “neutral” and issued a price target of $9.00 on shares of ON24 in a research note.
About ON24 (Get Rating)
ON24, Inc provides a cloud-based digital experience platform that enables businesses to convert customer engagement into revenue through interactive webinars, virtual events and multimedia content experiences worldwide. The Company offers ON24 Experience products such as ON24 Elite, a live, interactive webinar experience; ON24 Breakouts, a live breakout room experience that facilitates networking, collaboration and interactivity between users; ON24 Go Live, an interactive live video event experience that allows presenters and attendees to engage face-to-face in real-time; ON24 Virtual Conference, a large-scale virtual live event experience; ON24 Engagement Hub, a rich multimedia content experience; and ON24 Target, a personalized and curated multimedia content experience and solutions; ON24 Intelligence, an analytics backbone that collects first-person data to support insights, benchmarking, reporting, and the artificial intelligence and machine learning engine; and ON24 Connect, an ecosystem of third-party application integrations.
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