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

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 8,283 shares of the company’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 transaction of $46,136.31. Following the completion of the transaction, the chief financial officer now owns 517,892 shares in the company, valued at approximately $2,884,658.44. This represents a 1.57 % decrease in their position. The sale was disclosed in a 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 transaction of $124,124.61.
• On Thursday, February 20th, Steven Vattuone sold 3,094 shares of ON24 stock. The shares were sold at an average price of $6.38, for a total transaction of $19,739.72.
• On Wednesday, February 12th, Steven Vattuone sold 6,146 shares of ON24 stock. The stock was sold at an average price of $6.68, for a total transaction of $41,055.28.
• 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 transaction 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 transaction 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 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 transaction of $26,656.80.

ON24 Stock Performance

Shares of NYSE:ONTF opened at $5.67 on Thursday. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $7.38. The stock has a market capitalization of $235.95 million, a P/E ratio of -5.45 and a beta of 0.55. The stock has a 50-day simple moving average of $6.49 and a 200-day simple moving average of $6.40.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On ON24

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gladius Capital Management LP raised its position in shares of 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. FMR LLC boosted its position in ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after acquiring an additional 8,528 shares during the period. Jane Street Group LLC boosted its position in ON24 by 91.2% during the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock worth $374,000 after acquiring an additional 29,148 shares during the period. Barclays PLC lifted its holdings in shares of ON24 by 48.7% during the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after buying an additional 33,352 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in ON24 by 38.1% in the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock worth $91,000 after purchasing an additional 3,891 shares during the last quarter. Hedge funds and other institutional investors own 83.93% of the company’s stock.

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.