Insider Selling: ON24, Inc. (NYSE:ONTF) Insider Sells 3,315 Shares of Stock

ON24, Inc. (NYSE:ONTF) insider Jayesh Sahasi sold 3,315 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.38, for a total value of $21,149.70. Following the completion of the transaction, the insider now directly owns 691,970 shares in the company, valued at approximately $4,414,768.60. This represents a 0.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, February 10th, Jayesh Sahasi sold 1,637 shares of ON24 stock. The shares were sold at an average price of $6.85, for a total value of $11,213.45.
• On Monday, December 16th, Jayesh Sahasi sold 1,100 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total value of $7,700.00.
• On Thursday, December 12th, Jayesh Sahasi sold 5,047 shares of ON24 stock. The shares were sold at an average price of $7.00, for a total value of $35,329.00.
• On Tuesday, December 10th, Jayesh Sahasi sold 100 shares of ON24 stock. The shares were 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 shares were 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 shares were sold at an average price of $6.63, for a total value of $24,239.28.

ON24 Stock Performance

Shares of ONTF opened at $6.12 on Friday. ON24, Inc. has a one year low of $5.37 and a one year high of $8.28. The company has a 50-day simple moving average of $6.63 and a two-hundred day simple moving average of $6.41.

Institutional Trading of ON24

A number of hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in ON24 in the 3rd quarter worth approximately $62,000. Squarepoint Ops LLC increased its stake in shares of ON24 by 56.6% in 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 in the last quarter. Wells Fargo & Company MN increased its stake 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 purchasing an additional 3,518 shares in the last quarter. Gladius Capital Management LP boosted its holdings in ON24 by 151.2% in the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after buying an additional 13,755 shares during the period. Finally, R Squared Ltd bought a new position in ON24 in the 4th quarter worth $153,000. 83.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research note 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.