Key Points
- Insider Jayesh Sahasi sold 12,372 ON24 shares on December 1 at an average price of $5.70 for $70,520.40, leaving him with 718,961 shares (a 1.69% ownership reduction).
- Sahasi has sold a total of 42,053 shares in recent transactions (Dec 1 & 2, Nov 20, and several September sales), generating roughly $235,314 in proceeds.
- ON24 has a market cap of about $248.4M, recently beat quarterly EPS estimates but remains unprofitable, and carries a consensus analyst rating of "Reduce" with a $6 target price.
ON24, Inc. (NYSE:ONTF - Get Free Report) CFO Steven Vattuone sold 9,453 shares of the company's stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $5.83, for a total value of $55,110.99. Following the completion of the transaction, the chief financial officer directly owned 539,664 shares in the company, valued at approximately $3,146,241.12. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 value 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 shares were sold at an average price of $5.28, for a total value of $20,174.88.
- On Thursday, November 20th, Steven Vattuone sold 4,392 shares of ON24 stock. The stock was 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 transaction 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 transaction 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 stock was sold at an average price of $5.52, for a total value of $35,294.88.
ON24 Trading Down 0.7%
Shares of ONTF stock opened at $5.87 on Thursday. The stock has a 50 day moving average of $5.51 and a 200 day moving average of $5.43. The stock has a market cap of $248.20 million, a P/E ratio of -7.88 and a beta of 0.66. ON24, Inc. has a twelve month low of $4.35 and a twelve month high of $7.03.
ON24 (NYSE:ONTF - Get Free Report) last released its quarterly earnings data on Monday, November 10th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. ON24 had a negative return on equity of 18.61% and a negative net margin of 22.09%.The business had revenue of $34.60 million for the quarter, compared to analyst estimates of $33.87 million. 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, research analysts predict that ON24, Inc. will post -0.81 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ON24
Several hedge funds and other institutional investors have recently bought and sold shares of ONTF. Mercer Global Advisors Inc. ADV purchased a new position in ON24 during the third quarter worth about $60,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of ON24 during the 3rd quarter worth approximately $61,000. Public Employees Retirement System of Ohio raised its position in shares of ON24 by 228.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 12,242 shares of the company's stock valued at $66,000 after buying an additional 8,515 shares during the period. Brevan Howard Capital Management LP acquired a new position in ON24 in the second quarter valued at approximately $78,000. Finally, Russell Investments Group Ltd. increased its stake in ON24 by 43.5% during the third quarter. Russell Investments Group Ltd. now owns 15,918 shares of the company's stock worth $91,000 after acquiring an additional 4,823 shares during the last quarter. 83.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ONTF. Robert W. Baird increased their price target on ON24 from $5.00 to $6.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of ON24 in a research note on Wednesday, October 8th. Canaccord Genuity Group lifted their price target 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. Finally, Wall Street Zen upgraded shares of ON24 from a "hold" rating to a "buy" rating in a research report on Saturday, November 15th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $6.00.
View Our Latest Stock Analysis on ONTF
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.
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