ON24, Inc. (NYSE:ONTF) CFO Sells $19,739.72 in Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 3,094 shares of ON24 stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.38, for a total value of $19,739.72. Following the sale, the chief financial officer now directly owns 531,292 shares of the company’s stock, valued at approximately $3,389,642.96. The trade was a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Steven Vattuone also recently made the following trade(s):

• On Wednesday, February 12th, Steven Vattuone sold 6,146 shares of ON24 stock. The stock was sold at an average price of $6.68, for a total value of $41,055.28.
• On Monday, February 10th, Steven Vattuone sold 1,879 shares of ON24 stock. The shares were sold at an average price of $6.85, for a total transaction of $12,871.15.
• On Tuesday, January 21st, Steven Vattuone sold 4,997 shares of ON24 stock. The stock was sold at an average price of $6.52, for a total transaction of $32,580.44.
• On Friday, January 17th, Steven Vattuone sold 1,022 shares of ON24 stock. The shares were sold at an average price of $6.50, for a total transaction of $6,643.00.
• On Wednesday, January 15th, Steven Vattuone sold 500 shares of ON24 stock. The stock was sold at an average price of $6.50, for a total transaction of $3,250.00.
• On Monday, January 6th, Steven Vattuone sold 6,624 shares of ON24 stock. The shares were sold at an average price of $6.68, for a total value of $44,248.32.
• On Friday, January 3rd, Steven Vattuone sold 18,376 shares of ON24 stock. The stock was sold at an average price of $6.59, for a total value of $121,097.84.
• On Monday, December 16th, Steven Vattuone sold 3,830 shares of ON24 stock. The shares were sold at an average price of $6.96, for a total value of $26,656.80.
• On Wednesday, December 18th, Steven Vattuone sold 17,025 shares of ON24 stock. The stock was sold at an average price of $6.70, for a total value of $114,067.50.
• On Wednesday, December 4th, Steven Vattuone sold 7,538 shares of ON24 stock. The shares were sold at an average price of $6.69, for a total value of $50,429.22.

ON24 Stock Performance

ON24 stock opened at $6.12 on Monday. The stock has a fifty day moving average of $6.63 and a 200-day moving average of $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. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.28.

Institutional Trading of ON24

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

Wall Street Analyst Weigh In

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

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.