Jayesh Sahasi Sells 1,637 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 1,637 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $6.85, for a total transaction of $11,213.45. Following the transaction, the insider now owns 696,957 shares in the company, valued at approximately $4,774,155.45. This trade represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, December 16th, Jayesh Sahasi sold 1,100 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total transaction 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 transaction 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 stock was sold at an average price of $6.63, for a total transaction of $24,239.28.
• On Wednesday, November 20th, Jayesh Sahasi sold 4,089 shares of ON24 stock. The stock was sold at an average price of $6.29, for a total transaction of $25,719.81.

ON24 Stock Down 0.3 %

Shares of NYSE ONTF opened at $6.68 on Thursday. ON24, Inc. has a 12-month low of $5.37 and a 12-month high of $8.35. The firm’s 50-day moving average is $6.65 and its two-hundred day moving average is $6.39.

Wall Street Analysts Forecast Growth

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

Institutional Trading of ON24

Several institutional investors and hedge funds have recently modified their holdings of ONTF. SG Americas Securities LLC purchased a new stake in shares of ON24 in the third quarter valued at about $62,000. Marshall Wace LLP purchased a new stake in shares of ON24 in the second quarter valued at about $72,000. The Manufacturers Life Insurance Company lifted its holdings in shares of 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 purchasing 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 valued at $140,000 after purchasing an additional 13,755 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of ON24 during the fourth quarter valued at approximately $153,000. Hedge funds and other institutional investors own 83.93% of the company’s stock.

ON24 Company Profile

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.