Key Points
- CFO Steven Vattuone sold 7,010 ON24 shares on Dec. 9 at $6.04 (≈$42,340), part of a string of insider sales since Nov. 20 that total about 50,940 shares and roughly $290,000 in proceeds, leaving him with 532,654 shares (~$3.22M) — a 1.3% reduction from his prior stake.
- ON24 shares traded near $6.06 (market cap ≈$256M) after the company slightly beat quarterly EPS and revenue estimates and set FY 2025 guidance of $0.05–$0.06 EPS, but analysts maintain a consensus rating of "Reduce" with a $6.00 target.
ON24, Inc. (NYSE:ONTF - Get Free Report) CFO Steven Vattuone sold 7,010 shares of the company's stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $6.04, for a total value of $42,340.40. Following the transaction, the chief financial officer directly owned 532,654 shares in the company, valued at approximately $3,217,230.16. This represents a 1.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Steven Vattuone also recently made the following trade(s):
- On Wednesday, December 3rd, Steven Vattuone sold 9,453 shares of ON24 stock. The shares were sold at an average price of $5.83, for a total transaction of $55,110.99.
- On Tuesday, December 2nd, Steven Vattuone sold 12,754 shares of ON24 stock. The stock was 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 value 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 value of $23,277.60.
ON24 Stock Up 1.2%
Shares of ONTF traded up $0.07 during trading hours on Thursday, reaching $6.06. The stock had a trading volume of 11,196 shares, compared to its average volume of 155,660. The firm has a 50-day moving average of $5.52 and a 200 day moving average of $5.45. The company has a market cap of $256.39 million, a P/E ratio of -8.22 and a beta of 0.66. ON24, Inc. has a 52 week low of $4.35 and a 52 week 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 earnings per share 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 analysts' expectations of $33.87 million. ON24 had a negative return on equity of 18.61% and a negative net margin of 22.09%.ON24 has set its FY 2025 guidance at 0.050-0.060 EPS and its Q4 2025 guidance at 0.010-0.020 EPS. As a group, equities analysts expect that ON24, Inc. will post -0.81 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in ONTF. Jacobs Levy Equity Management Inc. increased its holdings in shares of ON24 by 4.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 305,720 shares of the company's stock valued at $1,749,000 after purchasing an additional 13,600 shares during the last quarter. Prelude Capital Management LLC boosted its holdings in shares of ON24 by 33.9% during the 3rd quarter. Prelude Capital Management LLC now owns 17,000 shares of the company's stock worth $97,000 after buying an additional 4,300 shares during the period. Public Employees Retirement System of Ohio grew its stake in ON24 by 22.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,942 shares of the company's stock valued at $85,000 after buying an additional 2,700 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in ON24 in the 3rd quarter valued at about $60,000. Finally, Millennium Management LLC acquired a new stake in ON24 during the third quarter worth approximately $175,000. 83.93% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
ONTF has been the topic of a number of recent research reports. Canaccord Genuity Group lifted their target price on ON24 from $5.00 to $6.00 and gave the company a "hold" rating in a research report 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 boosted their price target on shares of ON24 from $5.00 to $6.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of ON24 in a report on Wednesday, October 8th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, ON24 currently has a consensus rating of "Reduce" and a consensus target price of $6.00.
Read 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.
Further Reading
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