ON24, Inc. (NYSE:ONTF) Insider Sharat Sharan Sells 3,529 Shares

ON24, Inc. (NYSE:ONTF - Get Free Report) insider Sharat Sharan sold 3,529 shares of the business's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $4.54, for a total transaction of $16,021.66. Following the transaction, the insider now owns 3,188,173 shares in the company, valued at $14,474,305.42. The trade was a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Sharat Sharan also recently made the following trade(s):

• On Monday, March 31st, Sharat Sharan sold 39,196 shares of ON24 stock. The shares were sold at an average price of $5.23, for a total value of $204,995.08.

ON24 Trading Down 0.7 %

ONTF stock traded down $0.03 during midday trading on Wednesday, hitting $4.57. 85,719 shares of the company's stock were exchanged, compared to its average volume of 140,732. ON24, Inc. has a 1-year low of $4.35 and a 1-year high of $7.04. The stock has a market capitalization of $193.43 million, a PE ratio of -4.39 and a beta of 0.55. The business has a 50-day simple moving average of $5.39 and a two-hundred day simple moving average of $6.13.

Institutional Trading of ON24

A number of hedge funds and other institutional investors have recently modified their holdings of ONTF. Charles Schwab Investment Management Inc. lifted its position in ON24 by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 285,071 shares of the company's stock valued at $1,842,000 after buying an additional 2,189 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of ON24 by 25.6% in the 4th quarter. Wells Fargo & Company MN now owns 17,270 shares of the company's stock worth $112,000 after acquiring an additional 3,518 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of ON24 by 38.1% during the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company's stock worth $91,000 after purchasing an additional 3,891 shares during the period. Squarepoint Ops LLC increased its holdings in ON24 by 56.6% in the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company's stock valued at $102,000 after purchasing an additional 5,713 shares during the last quarter. Finally, Bank of America Corp DE raised its position in ON24 by 18.6% in the fourth quarter. Bank of America Corp DE now owns 47,999 shares of the company's stock valued at $310,000 after purchasing an additional 7,531 shares during the period. 83.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ONTF has been the subject of several analyst reports. William Blair restated a "market perform" rating on shares of ON24 in a report on Wednesday, February 26th. Needham & Company LLC reissued a "hold" rating on shares of ON24 in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their target price on shares of ON24 from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th.

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.