Fmr LLC Purchases 8,528 Shares of ON24, Inc. (NYSE:ONTF)

Fmr LLC boosted its holdings in shares of ON24, Inc. (NYSE:ONTF) by 45.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,483 shares of the company’s stock after purchasing an additional 8,528 shares during the period. Fmr LLC’s holdings in ON24 were worth $168,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in shares of ON24 during the 3rd quarter worth $62,000. Marshall Wace LLP bought a new position in ON24 in the second quarter valued at about $72,000. The Manufacturers Life Insurance Company raised its stake in ON24 by 19.1% during the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after acquiring an additional 2,158 shares in the last quarter. Gladius Capital Management LP lifted its holdings in shares of 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 during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of ON24 by 8.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company’s stock valued at $395,000 after purchasing an additional 5,337 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

Insider Buying and Selling at ON24

In other ON24 news, insider Jayesh Sahasi sold 5,047 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $7.00, for a total value of $35,329.00. Following the completion of the transaction, the insider now directly owns 692,045 shares in the company, valued at approximately $4,844,315. This represents a 0.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sharat Sharan sold 17,750 shares of ON24 stock in a transaction on Monday, September 30th. The stock was sold at an average price of $6.13, for a total transaction of $108,807.50. Following the transaction, the insider now owns 3,069,728 shares in the company, valued at approximately $18,817,432.64. This trade represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,926 shares of company stock worth $692,086. 32.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

ON24 Stock Down 0.5 %

NYSE ONTF opened at $6.47 on Friday. The company has a market cap of $269.48 million, a price-to-earnings ratio of -6.22 and a beta of 0.51. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.35. The business’s fifty day moving average is $6.47 and its 200 day moving average is $6.21.

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.