ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone Sells 8,283 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 8,283 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $5.57, for a total value of $46,136.31. Following the completion of the sale, the chief financial officer now directly owns 517,892 shares in the company, valued at approximately $2,884,658.44. This trade represents a 1.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, March 5th, Steven Vattuone sold 22,047 shares of ON24 stock. The stock was sold at an average price of $5.63, for a total value of $124,124.61.
• On Thursday, February 20th, Steven Vattuone sold 3,094 shares of ON24 stock. The stock was sold at an average price of $6.38, for a total value of $19,739.72.
• On Wednesday, February 12th, Steven Vattuone sold 6,146 shares of ON24 stock. The shares were sold at an average price of $6.68, for a total value of $41,055.28.
• On Monday, February 10th, Steven Vattuone sold 1,879 shares of ON24 stock. The stock was 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 stock was sold at an average price of $6.50, for a total value 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 value 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 value of $44,248.32.
• 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 stock was sold at an average price of $6.96, for a total value of $26,656.80.

ON24 Stock Performance

Shares of NYSE:ONTF opened at $5.67 on Thursday. The company has a fifty day moving average of $6.49 and a 200-day moving average of $6.40. The company has a market capitalization of $235.95 million, a PE ratio of -5.45 and a beta of 0.55. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $7.38.

Analysts Set New Price Targets

Several research firms have issued reports on ONTF. William Blair reissued a “market perform” rating on shares of ON24 in a research note on Wednesday, February 26th. Needham & Company LLC reissued a “hold” rating on shares of ON24 in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their price target on ON24 from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th.

Institutional Trading of ON24

A number of institutional investors have recently bought and sold shares of ONTF. Federated Hermes Inc. boosted its position in shares of ON24 by 1.6% during the 4th quarter. Federated Hermes Inc. now owns 1,167,713 shares of the company’s stock worth $7,543,000 after purchasing an additional 18,372 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in ON24 by 43.5% in the 4th quarter. JPMorgan Chase & Co. now owns 821,461 shares of the company’s stock valued at $5,307,000 after purchasing an additional 249,045 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of ON24 by 15.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 490,086 shares of the company’s stock worth $3,166,000 after acquiring an additional 66,022 shares during the last quarter. Horrell Capital Management Inc. raised its position in ON24 by 15.9% in the 4th quarter. Horrell Capital Management Inc. now owns 394,196 shares of the company’s stock worth $2,547,000 after purchasing an additional 54,000 shares during the period. Finally, Circumference Group LLC raised its position in ON24 by 15.9% in the 4th quarter. Circumference Group LLC now owns 394,196 shares of the company’s stock worth $2,547,000 after purchasing an additional 54,000 shares during the period. 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.