ON24, Inc. (NYSE:ONTF) Insider Sells $21,149.70 in Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 3,315 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.38, for a total value of $21,149.70. Following the completion of the transaction, the insider now directly owns 691,970 shares in the company, valued at approximately $4,414,768.60. This represents a 0.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jayesh Sahasi also recently made the following trade(s):

• On Monday, February 10th, Jayesh Sahasi sold 1,637 shares of ON24 stock. The stock was sold at an average price of $6.85, for a total value of $11,213.45.
• On Monday, December 16th, Jayesh Sahasi sold 1,100 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total value of $7,700.00.
• On Thursday, December 12th, Jayesh Sahasi sold 5,047 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $35,329.00.
• On Tuesday, December 10th, Jayesh Sahasi sold 100 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total transaction of $700.00.
• On Wednesday, December 4th, Jayesh Sahasi sold 6,457 shares of ON24 stock. The stock was sold at an average price of $6.69, for a total transaction of $43,197.33.
• On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The shares were sold at an average price of $6.63, for a total transaction of $24,239.28.

ON24 Price Performance

Shares of ON24 stock opened at $6.12 on Monday. ON24, Inc. has a one year low of $5.37 and a one year high of $8.28. The business’s 50 day simple moving average is $6.63 and its two-hundred day simple moving average is $6.42. The stock has a market capitalization of $254.69 million, a P/E ratio of -5.88 and a beta of 0.52.

Hedge Funds Weigh In On ON24

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of ON24 by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 285,071 shares of the company’s stock valued at $1,842,000 after buying an additional 2,189 shares in the last quarter. Wells Fargo & Company MN lifted its position in ON24 by 25.6% during the 4th quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock valued at $112,000 after acquiring an additional 3,518 shares during the period. SG Americas Securities LLC boosted its stake in ON24 by 38.1% during the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock worth $91,000 after acquiring an additional 3,891 shares in the last quarter. Squarepoint Ops LLC grew its holdings in ON24 by 56.6% in the fourth quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock worth $102,000 after purchasing an additional 5,713 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of ON24 by 18.6% during the fourth quarter. Bank of America Corp DE now owns 47,999 shares of the company’s stock valued at $310,000 after purchasing an additional 7,531 shares in the last quarter. Institutional investors own 83.93% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research note 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.