Key Points
- ON24 CFO Steven Vattuone sold 3,821 shares on Nov. 24 at an average price of $5.28 for $20,174.88, and has sold a total of 50,940 shares in recent transactions, generating roughly $280,000; he now holds 575,381 shares (about $3.04M), a 0.66% reduction in his ownership.
- Company outlook and market view are mixed: ON24 trades around $5.33 with a $225M market cap and negative historical earnings, but it issued FY2025 EPS guidance of $0.050–0.060 while sell-side analysts hold a consensus "Reduce" rating and an average price target of $6.00.
ON24, Inc. (NYSE:ONTF - Get Free Report) CFO Steven Vattuone sold 3,821 shares of the business's stock in a transaction on Monday, November 24th. The shares were sold at an average price of $5.28, for a total transaction of $20,174.88. Following the completion of the transaction, the chief financial officer owned 575,381 shares of the company's stock, valued at approximately $3,038,011.68. This represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Steven Vattuone also recently made the following trade(s):
- 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 stock was sold at an average price of $5.54, for a total transaction of $111,442.64.
- On Monday, September 8th, Steven Vattuone sold 4,195 shares of ON24 stock. The shares were 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 value 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.
- On Wednesday, September 3rd, Steven Vattuone sold 3,549 shares of ON24 stock. The stock was sold at an average price of $5.43, for a total value of $19,271.07.
- On Tuesday, September 2nd, Steven Vattuone sold 3,222 shares of ON24 stock. The shares were sold at an average price of $5.60, for a total value of $18,043.20.
ON24 Stock Performance
ON24 stock opened at $5.33 on Tuesday. The company's fifty day moving average price is $5.53 and its 200 day moving average price is $5.41. The stock has a market capitalization of $225.15 million, a P/E ratio of -7.20 and a beta of 0.66. ON24, Inc. has a 1 year low of $4.35 and a 1 year high of $7.03.
ON24 (NYSE:ONTF - Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $34.60 million for 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. Q4 2025 guidance at 0.010-0.020 EPS. Sell-side analysts predict that ON24, Inc. will post -0.81 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Robert W. Baird raised their target price on ON24 from $5.00 to $6.00 and gave the company a "neutral" rating in a research report on Tuesday, November 11th. Wall Street Zen upgraded ON24 from a "hold" rating to a "buy" rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of ON24 in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group raised their price target on shares of ON24 from $5.00 to $6.00 and gave the stock a "hold" rating in a research note on Tuesday, November 11th. 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 company has a consensus rating of "Reduce" and an average price target of $6.00.
Check Out Our Latest Stock Report on ON24
Hedge Funds Weigh In On ON24
Institutional investors and hedge funds have recently bought and sold shares of the company. Lynrock Lake LP grew its stake in shares of ON24 by 4.5% in the 1st quarter. Lynrock Lake LP now owns 7,659,474 shares of the company's stock valued at $39,829,000 after buying an additional 329,715 shares during the period. Federated Hermes Inc. grew its position in ON24 by 0.5% in the third quarter. Federated Hermes Inc. now owns 1,177,588 shares of the company's stock worth $6,736,000 after acquiring an additional 5,347 shares during the period. Geode Capital Management LLC increased its stake in ON24 by 13.7% during the second quarter. Geode Capital Management LLC now owns 852,320 shares of the company's stock worth $4,629,000 after acquiring an additional 102,396 shares during the last quarter. Acadian Asset Management LLC raised its position in ON24 by 1.8% in the second quarter. Acadian Asset Management LLC now owns 845,702 shares of the company's stock valued at $4,590,000 after purchasing an additional 14,851 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of ON24 by 19.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 710,354 shares of the company's stock valued at $4,063,000 after purchasing an additional 116,400 shares during the last quarter. 83.93% of the stock is currently owned by institutional investors and hedge funds.
ON24 Company Profile
(
Get Free Report)
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.
Further Reading
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