ON24, Inc. (NYSE:ONTF) Insider Jayesh Sahasi Sells 5,047 Shares

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 5,047 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $7.00, for a total value of $35,329.00. Following the completion of the transaction, the insider now owns 692,045 shares in the company, valued at $4,844,315. This represents a 0.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Jayesh Sahasi also recently made the following trade(s):

• On Tuesday, December 10th, Jayesh Sahasi sold 100 shares of ON24 stock. The stock was sold at an average price of $7.00, for a total value of $700.00.
• On Wednesday, December 4th, Jayesh Sahasi sold 6,457 shares of ON24 stock. The stock was sold at an average price of $6.69, for a total value of $43,197.33.
• On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The stock was sold at an average price of $6.63, for a total value of $24,239.28.
• On Wednesday, November 20th, Jayesh Sahasi sold 4,089 shares of ON24 stock. The stock was sold at an average price of $6.29, for a total value of $25,719.81.

ON24 Trading Down 0.9 %

Shares of ON24 stock opened at $6.91 on Friday. The firm has a market capitalization of $287.81 million, a PE ratio of -6.64 and a beta of 0.51. The business’s 50-day moving average price is $6.42 and its 200-day moving average price is $6.19. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $8.35.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “hold” rating on shares of ON24 in a research note on Friday, November 8th.

Institutional Investors Weigh In On ON24

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in ON24 by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after purchasing an additional 2,158 shares during the period. Cubist Systematic Strategies LLC increased its position in ON24 by 8.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company’s stock valued at $395,000 after purchasing an additional 5,337 shares during the period. FMR LLC increased its position in ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after purchasing an additional 8,528 shares during the period. SG Americas Securities LLC purchased a new position in ON24 during the 3rd quarter valued at $62,000. Finally, Marshall Wace LLP purchased a new position in ON24 during the 2nd quarter valued at $72,000. 83.93% of the stock is currently owned by 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.