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

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

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 stock was 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 shares were 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 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 transaction of $28,303.47.
• On Wednesday, November 20th, Steven Vattuone sold 4,383 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total transaction of $27,569.07.

ON24 Price Performance

NYSE ONTF opened at $6.56 on Wednesday. The stock’s 50 day simple moving average is $6.54 and its 200-day simple moving average is $6.30. The company has a market cap of $273.23 million, a PE ratio of -6.31 and a beta of 0.50. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $8.35.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ONTF. SG Americas Securities LLC purchased a new stake in shares of ON24 during the third quarter worth $62,000. Marshall Wace LLP acquired a new position in ON24 during the second quarter worth about $72,000. The Manufacturers Life Insurance Company grew its stake in ON24 by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after acquiring an additional 2,158 shares in the last quarter. Gladius Capital Management LP grew its stake in ON24 by 151.2% during the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after acquiring an additional 13,755 shares in the last quarter. Finally, FMR LLC raised its holdings in ON24 by 45.0% in the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after acquiring an additional 8,528 shares during the last quarter. 83.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.