ON24, Inc. (NYSE:ONTF) Director Dominique Trempont Sells 34,133 Shares

ON24, Inc. (NYSE:ONTF) Director Dominique Trempont sold 34,133 shares of ON24 stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $6.22, for a total transaction of $212,307.26. Following the completion of the transaction, the director now directly owns 283,250 shares of the company’s stock, valued at approximately $1,761,815. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

ON24 Stock Up 2.4 %

Shares of NYSE:ONTF opened at $6.37 on Tuesday. The company’s 50-day moving average price is $6.04 and its 200 day moving average price is $6.56. The company has a market cap of $264.55 million, a PE ratio of -6.13 and a beta of 0.47. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $8.35.

Wall Street Analyst Weigh In

ONTF has been the subject of several research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a report on Wednesday, August 7th. JPMorgan Chase & Co. cut their price target on ON24 from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

Institutional Investors Weigh In On ON24

A number of hedge funds have recently made changes to their positions in ONTF. The Manufacturers Life Insurance Company increased its position in ON24 by 19.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after acquiring an additional 2,158 shares during the period. Quadrature Capital Ltd increased its holdings in shares of ON24 by 8.9% during the first quarter. Quadrature Capital Ltd now owns 29,353 shares of the company’s stock valued at $209,000 after purchasing an additional 2,401 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in ON24 by 8.8% in the second quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company’s stock worth $395,000 after purchasing an additional 5,337 shares during the period. Gladius Capital Management LP bought a new position in ON24 in the 4th quarter valued at about $71,000. Finally, Marshall Wace LLP bought a new stake in shares of ON24 during the 2nd quarter worth about $72,000. 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.