Insider Selling: ON24, Inc. (NYSE:ONTF) CFO Sells 6,146 Shares of Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 6,146 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $6.68, for a total value of $41,055.28. Following the sale, the chief financial officer now owns 534,386 shares in the company, valued at $3,569,698.48. The trade was a 1.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, February 10th, Steven Vattuone sold 1,879 shares of ON24 stock. The shares were sold at an average price of $6.85, for a total value of $12,871.15.
• On Tuesday, January 21st, Steven Vattuone sold 4,997 shares of ON24 stock. The stock was sold at an average price of $6.52, for a total value of $32,580.44.
• On Friday, January 17th, Steven Vattuone sold 1,022 shares of ON24 stock. The shares were sold at an average price of $6.50, for a total transaction of $6,643.00.
• On Wednesday, January 15th, Steven Vattuone sold 500 shares of ON24 stock. The stock was sold at an average price of $6.50, for a total transaction of $3,250.00.
• On Monday, January 6th, Steven Vattuone sold 6,624 shares of ON24 stock. The shares were sold at an average price of $6.68, for a total transaction of $44,248.32.
• On Friday, January 3rd, Steven Vattuone sold 18,376 shares of ON24 stock. The stock was sold at an average price of $6.59, for a total transaction 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 value 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 stock was sold at an average price of $6.69, for a total value 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.

ON24 Trading Down 0.1 %

Shares of NYSE ONTF opened at $6.93 on Friday. ON24, Inc. has a 12-month low of $5.37 and a 12-month high of $8.35. The company has a market cap of $288.43 million, a PE ratio of -6.66 and a beta of 0.52. The stock has a 50 day simple moving average of $6.67 and a 200-day simple moving average of $6.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC bought a new stake in shares of ON24 during the fourth quarter valued at about $175,000. Price T Rowe Associates Inc. MD increased its stake in ON24 by 30.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 47,632 shares of the company’s stock valued at $308,000 after buying an additional 11,234 shares during the period. XTX Topco Ltd acquired a new stake in shares of ON24 in the 4th quarter worth approximately $210,000. Barclays PLC lifted its stake in shares of ON24 by 8.8% in the 4th quarter. Barclays PLC now owns 110,804 shares of the company’s stock worth $716,000 after acquiring an additional 8,967 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of ON24 by 1.6% in the fourth quarter. Federated Hermes Inc. now owns 1,167,713 shares of the company’s stock valued at $7,543,000 after acquiring an additional 18,372 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a report on Wednesday, January 15th.

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.