Dimensional Fund Advisors LP Buys 22,577 Shares of ON24, Inc. (NYSE:ONTF)

Dimensional Fund Advisors LP increased its stake in ON24, Inc. (NYSE:ONTF) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,469,318 shares of the company’s stock after buying an additional 22,577 shares during the quarter. Dimensional Fund Advisors LP’s holdings in ON24 were worth $8,830,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ONTF. Quadrature Capital Ltd lifted its position in shares of ON24 by 8.9% during the first quarter. Quadrature Capital Ltd now owns 29,353 shares of the company’s stock worth $209,000 after purchasing an additional 2,401 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of ON24 during the first quarter worth $461,000. GSA Capital Partners LLP lifted its position in shares of ON24 by 18.3% during the first quarter. GSA Capital Partners LLP now owns 81,771 shares of the company’s stock worth $584,000 after purchasing an additional 12,676 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of ON24 by 14.5% during the second quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company’s stock worth $590,000 after purchasing an additional 12,400 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of ON24 by 413.1% during the first quarter. Los Angeles Capital Management LLC now owns 244,032 shares of the company’s stock worth $1,742,000 after purchasing an additional 196,472 shares during the last quarter. 83.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ON24

In other ON24 news, insider Jayesh Sahasi sold 4,468 shares of ON24 stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $6.35, for a total value of $28,371.80. Following the transaction, the insider now owns 727,913 shares in the company, valued at $4,622,247.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other ON24 news, insider Jayesh Sahasi sold 4,468 shares of ON24 stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $6.35, for a total value of $28,371.80. Following the transaction, the insider now owns 727,913 shares in the company, valued at $4,622,247.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dominique Trempont sold 34,133 shares of ON24 stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $6.22, for a total value of $212,307.26. Following the completion of the transaction, the director now owns 283,250 shares in the company, valued at $1,761,815. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,031 shares of company stock worth $875,416 over the last quarter. Insiders own 32.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on ON24 from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Needham & Company LLC reiterated a “hold” rating on shares of ON24 in a research report on Wednesday, August 7th.

ON24 Price Performance

ONTF stock opened at $6.13 on Tuesday. The business has a 50-day moving average price of $6.17 and a 200 day moving average price of $6.29. The company has a market capitalization of $256.63 million, a P/E ratio of -5.94 and a beta of 0.47. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $8.35.

ON24 (NYSE:ONTF) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.10). The firm had revenue of $37.35 million during the quarter, compared to the consensus estimate of $36.31 million. ON24 had a negative net margin of 28.14% and a negative return on equity of 21.81%. On average, analysts anticipate that ON24, Inc. will post -0.73 earnings per share for the current fiscal year.

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.