ON24 (NYSE:ONTF) CFO Steven Vattuone Sells 22,884 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 22,884 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $8.01, for a total transaction of $183,300.84. Following the completion of the transaction, the chief financial officer owned 457,443 shares in the company, valued at $3,664,118.43. This trade represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, February 11th, Steven Vattuone sold 422 shares of ON24 stock. The shares were sold at an average price of $7.92, for a total value of $3,342.24.
• On Tuesday, February 10th, Steven Vattuone sold 325 shares of ON24 stock. The stock was sold at an average price of $7.93, for a total value of $2,577.25.
• On Tuesday, December 30th, Steven Vattuone sold 80,000 shares of ON24 stock. The shares were sold at an average price of $7.98, for a total value of $638,400.00.
• On Tuesday, December 9th, Steven Vattuone sold 7,010 shares of ON24 stock. The stock was sold at an average price of $6.04, for a total transaction of $42,340.40.
• On Wednesday, December 3rd, Steven Vattuone sold 9,453 shares of ON24 stock. The shares were sold at an average price of $5.83, for a total transaction of $55,110.99.
• On Tuesday, December 2nd, Steven Vattuone sold 12,754 shares of ON24 stock. The stock was sold at an average price of $5.66, for a total transaction of $72,187.64.

ON24 Price Performance

NYSE:ONTF traded up $0.01 during mid-day trading on Monday, reaching $8.02. The stock had a trading volume of 687,861 shares, compared to its average volume of 473,909. The stock has a 50-day simple moving average of $7.75 and a two-hundred day simple moving average of $6.35. The stock has a market capitalization of $342.05 million, a PE ratio of -11.79 and a beta of 0.60. ON24, Inc. has a 12 month low of $4.35 and a 12 month high of $8.10.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of ON24 in a research report on Thursday, January 22nd. Robert W. Baird upped their price objective on ON24 from $6.00 to $8.10 and gave the company a “neutral” rating in a research note on Friday, January 2nd. Canaccord Genuity Group increased their price objective on ON24 from $6.00 to $8.10 and gave the company a “hold” rating in a report on Wednesday, December 31st. Finally, Wall Street Zen upgraded ON24 from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, ON24 presently has an average rating of “Reduce” and a consensus price target of $8.10.

Institutional Trading of ON24

Large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in ON24 by 139.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,852 shares of the company’s stock valued at $39,000 after purchasing an additional 2,825 shares during the last quarter. Meteora Capital LLC bought a new position in shares of ON24 during the fourth quarter valued at approximately $48,000. PNC Financial Services Group Inc. raised its holdings in shares of ON24 by 132.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,614 shares of the company’s stock worth $61,000 after buying an additional 4,334 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in ON24 during the 3rd quarter valued at $60,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in ON24 in the third quarter worth $61,000. Institutional investors own 83.93% of the company’s stock.

About ON24

ON24, Inc (NYSE: ONTF) is a cloud-based digital experience platform that enables organizations to create, manage and optimize virtual events, webinars and multimedia content. The company’s technology is designed to facilitate interactive, data-driven engagement between enterprises and their audiences, supporting demand generation, lead nurturing, corporate communications and training initiatives.

At the core of ON24’s offering is its webinar and virtual event solution, which provides live and on-demand webcasting, attendee interaction tools and real-time analytics.