Insider Selling: ON24 (NYSE:ONTF) CFO Sells $638,400.00 in Stock

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 80,000 shares of ON24 stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $7.98, for a total value of $638,400.00. Following the completion of the transaction, the chief financial officer owned 452,654 shares in the company, valued at approximately $3,612,178.92. This represents a 15.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, December 9th, Steven Vattuone sold 7,010 shares of ON24 stock. The shares were sold at an average price of $6.04, for a total value of $42,340.40.
• On Wednesday, December 3rd, Steven Vattuone sold 9,453 shares of ON24 stock. The stock was sold at an average price of $5.83, for a total value of $55,110.99.
• 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 value of $72,187.64.
• On Monday, December 1st, Steven Vattuone sold 13,510 shares of ON24 stock. The shares were 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.

ON24 Stock Up 0.1%

Shares of ONTF opened at $7.97 on Monday. The stock has a market capitalization of $336.76 million, a P/E ratio of -10.76 and a beta of 0.61. ON24, Inc. has a twelve month low of $4.35 and a twelve month high of $8.10. The firm has a fifty day simple moving average of $5.80 and a two-hundred day simple moving average of $5.55.

ON24 (NYSE:ONTF) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.03 EPS for the quarter, beating the consensus estimate 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. Sell-side analysts expect that ON24, Inc. will post -0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On ON24

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of ON24 in the 1st quarter worth about $357,000. American Century Companies Inc. lifted its position in ON24 by 32.6% during the 1st quarter. American Century Companies Inc. now owns 41,333 shares of the company’s stock valued at $215,000 after acquiring an additional 10,171 shares during the period. Cubist Systematic Strategies LLC boosted its stake in ON24 by 78.9% during the first quarter. Cubist Systematic Strategies LLC now owns 66,434 shares of the company’s stock worth $345,000 after acquiring an additional 29,290 shares in the last quarter. AQR Capital Management LLC grew its holdings in ON24 by 15.9% in the first quarter. AQR Capital Management LLC now owns 21,741 shares of the company’s stock worth $113,000 after purchasing an additional 2,989 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in ON24 by 3.9% in the first quarter. Goldman Sachs Group Inc. now owns 188,836 shares of the company’s stock worth $982,000 after purchasing an additional 7,139 shares during the period. Hedge funds and other institutional investors own 83.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ONTF. Robert W. Baird raised their price target on ON24 from $6.00 to $8.10 and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of ON24 in a report on Wednesday, October 8th. Canaccord Genuity Group raised their target price on shares of ON24 from $6.00 to $8.10 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of ON24 from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $7.40.

ON24 Company Profile

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.