Insider Selling: ON24 (NYSE:ONTF) CFO Sells 3,821 Shares of Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 3,821 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $5.28, for a total transaction of $20,174.88. Following the completion of the transaction, the chief financial officer directly owned 575,381 shares in the company, valued at approximately $3,038,011.68. The trade was a 0.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, November 20th, Steven Vattuone sold 4,392 shares of ON24 stock. The stock was sold at an average price of $5.30, for a total value of $23,277.60.
• On Tuesday, September 9th, Steven Vattuone sold 20,116 shares of ON24 stock. The stock was sold at an average price of $5.54, for a total transaction of $111,442.64.
• On Monday, September 8th, Steven Vattuone sold 4,195 shares of ON24 stock. The stock was sold at an average price of $5.58, for a total transaction of $23,408.10.
• On Friday, September 5th, Steven Vattuone sold 5,251 shares of ON24 stock. The stock was sold at an average price of $5.52, for a total transaction of $28,985.52.
• On Thursday, September 4th, Steven Vattuone sold 6,394 shares of ON24 stock. The stock was sold at an average price of $5.52, for a total transaction of $35,294.88.
• On Wednesday, September 3rd, Steven Vattuone sold 3,549 shares of ON24 stock. The stock was sold at an average price of $5.43, for a total transaction of $19,271.07.
• On Tuesday, September 2nd, Steven Vattuone sold 3,222 shares of ON24 stock. The shares were sold at an average price of $5.60, for a total value of $18,043.20.

ON24 Price Performance

NYSE ONTF traded down $0.12 during trading hours on Monday, reaching $5.33. 917,692 shares of the stock traded hands, compared to its average volume of 155,971. The stock has a 50 day simple moving average of $5.53 and a two-hundred day simple moving average of $5.41. ON24, Inc. has a 1 year low of $4.35 and a 1 year high of $7.03. The company has a market cap of $225.14 million, a price-to-earnings ratio of -7.20 and a beta of 0.66.

ON24 (NYSE:ONTF) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $34.60 million for the quarter, compared to analyst estimates of $33.87 million. ON24 had a negative return on equity of 18.61% and a negative net margin of 22.09%. ON24 has set its FY 2025 guidance at 0.050-0.060 EPS. Q4 2025 guidance at 0.010-0.020 EPS. On average, sell-side analysts forecast that ON24, Inc. will post -0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ONTF. Canaccord Genuity Group upped their price objective on shares of ON24 from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Robert W. Baird upped their price target on shares of ON24 from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Wall Street Zen upgraded ON24 from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of ON24 in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, ON24 presently has a consensus rating of “Reduce” and an average price target of $6.00.

Institutional Trading of ON24

Institutional investors have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. grew its stake in shares of ON24 by 4.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 305,720 shares of the company’s stock worth $1,749,000 after purchasing an additional 13,600 shares during the last quarter. Prelude Capital Management LLC lifted its holdings in ON24 by 33.9% in the 3rd quarter. Prelude Capital Management LLC now owns 17,000 shares of the company’s stock worth $97,000 after buying an additional 4,300 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of ON24 by 22.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,942 shares of the company’s stock worth $85,000 after buying an additional 2,700 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of ON24 during the third quarter valued at approximately $60,000. Finally, Millennium Management LLC purchased a new position in shares of ON24 during the third quarter valued at approximately $175,000. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

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.