Steven Vattuone Sells 4,997 Shares of ON24, Inc. (NYSE:ONTF) Stock

Posted by Jeanne O'Marion on Jan 25th, 2025

ON24, Inc. (NYSE:ONTF – Get Free Report) CFO Steven Vattuone sold 4,997 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $6.52, for a total transaction of $32,580.44. Following the completion of the sale, the chief financial officer now directly owns 537,867 shares in the company, valued at $3,506,892.84. This trade represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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 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 stock was 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 transaction 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 transaction 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 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 stock was sold at an average price of $6.63, for a total value of $28,303.47.
On Wednesday, November 20th, Steven Vattuone sold 4,383 shares of ON24 stock. The stock was sold at an average price of $6.29, for a total transaction of $27,569.07.

ON24 Price Performance

ONTF opened at $6.62 on Friday. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $8.35. The stock has a fifty day moving average price of $6.56 and a 200-day moving average price of $6.34.

ON24 (NYSE:ONTF – Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.26) EPS for the quarter. ON24 had a negative net margin of 28.63% and a negative return on equity of 23.10%. The firm had revenue of $36.33 million for the quarter, compared to analysts’ expectations of $35.55 million. During the same period in the previous year, the company posted ($0.23) earnings per share. Analysts expect that ON24, Inc. will post -0.81 earnings per share for the current year.

Hedge Funds Weigh In On ON24

Several institutional investors and hedge funds have recently bought and sold shares of ONTF. SG Americas Securities LLC acquired a new stake in shares of ON24 in the 3rd quarter worth $62,000. Marshall Wace LLP acquired a new position in ON24 during the 2nd quarter valued at about $72,000. The Manufacturers Life Insurance Company raised its stake in ON24 by 19.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after buying an additional 2,158 shares during the last quarter. Gladius Capital Management LP boosted its holdings in ON24 by 151.2% in the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after acquiring an additional 13,755 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of ON24 during the fourth quarter worth about $153,000. 83.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Get Our Latest Analysis on ONTF

ON24 Company Profile

(Get Free Report)

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.