ON24 (NYSE:ONTF) CFO Steven Vattuone Sells 9,453 Shares of Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 9,453 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $5.83, for a total transaction of $55,110.99. Following the completion of the transaction, the chief financial officer owned 539,664 shares in the company, valued at $3,146,241.12. This trade represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, December 2nd, Steven Vattuone sold 12,754 shares of ON24 stock. The shares were sold at an average price of $5.66, for a total transaction of $72,187.64.
• On Monday, December 1st, Steven Vattuone sold 13,510 shares of ON24 stock. The stock was sold at an average price of $5.70, for a total value of $77,007.00.
• On Monday, November 24th, Steven Vattuone sold 3,821 shares of ON24 stock. The stock was sold at an average price of $5.28, for a total transaction of $20,174.88.
• On Thursday, November 20th, Steven Vattuone sold 4,392 shares of ON24 stock. The shares were sold at an average price of $5.30, for a total transaction of $23,277.60.
• On Tuesday, September 9th, Steven Vattuone sold 20,116 shares of ON24 stock. The shares were sold at an average price of $5.54, for a total value 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 value 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 shares were sold at an average price of $5.52, for a total value of $35,294.88.

ON24 Price Performance

NYSE ONTF opened at $5.87 on Thursday. The business has a 50 day simple moving average of $5.51 and a two-hundred day simple moving average of $5.43. ON24, Inc. has a 1-year low of $4.35 and a 1-year high of $7.03. The stock has a market capitalization of $248.20 million, a PE ratio of -7.88 and a beta of 0.66.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ONTF. Acadian Asset Management LLC boosted its position in ON24 by 18.0% during the first quarter. Acadian Asset Management LLC now owns 830,851 shares of the company’s stock valued at $4,319,000 after purchasing an additional 127,010 shares in the last quarter. Lynrock Lake LP boosted its stake in ON24 by 4.5% in the first quarter. Lynrock Lake LP now owns 7,659,474 shares of the company’s stock valued at $39,829,000 after acquiring an additional 329,715 shares in the last quarter. P.A.W. Capital Corp grew its holdings in ON24 by 87.5% in the second quarter. P.A.W. Capital Corp now owns 300,000 shares of the company’s stock worth $1,629,000 after purchasing an additional 140,000 shares during the last quarter. Nuveen LLC acquired a new position in shares of ON24 during the first quarter worth $357,000. Finally, Palogic Value Management L.P. lifted its holdings in shares of ON24 by 23.1% during the 1st quarter. Palogic Value Management L.P. now owns 320,000 shares of the company’s stock valued at $1,664,000 after purchasing an additional 60,000 shares during the last quarter. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group boosted their target price 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. Wall Street Zen raised shares of ON24 from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Robert W. Baird increased their price objective on ON24 from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ON24 in a 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 data from MarketBeat, ON24 has a consensus rating of “Reduce” and a consensus target price of $6.00.

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.