Key Points
- Sharat Sharan sold 50,332 shares of ON24 on Dec. 31 at an average price of $7.97 for about $401,146, leaving him with 3,622,559 shares (a 1.37% ownership decline).
- He has been selling repeatedly since October—about 133,755 shares across four transactions (Oct–Dec) for roughly $858,000 in proceeds total.
- ON24 beat recent quarterly estimates (EPS $0.03 vs $0.01 and revenue $34.6M vs $33.87M) and gave FY2025 guidance of $0.050–0.060 EPS, but analysts' consensus remains a "Reduce" rating with an average price target of $7.40.
ON24, Inc. (NYSE:ONTF - Get Free Report) insider Sharat Sharan sold 50,332 shares of ON24 stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $7.97, for a total value of $401,146.04. Following the transaction, the insider directly owned 3,622,559 shares of the company's stock, valued at approximately $28,871,795.23. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Sharat Sharan also recently made the following trade(s):
- On Wednesday, December 17th, Sharat Sharan sold 19,119 shares of ON24 stock. The shares were sold at an average price of $5.82, for a total transaction of $111,272.58.
- On Monday, November 24th, Sharat Sharan sold 32,211 shares of ON24 stock. The shares were sold at an average price of $5.30, for a total transaction of $170,718.30.
- On Thursday, October 16th, Sharat Sharan sold 32,093 shares of ON24 stock. The stock was sold at an average price of $5.45, for a total transaction of $174,906.85.
ON24 Price Performance
NYSE:ONTF opened at $7.99 on Tuesday. The firm has a market cap of $337.61 million, a PE ratio of -10.79 and a beta of 0.61. The firm has a 50 day simple moving average of $5.85 and a 200-day simple moving average of $5.57. ON24, Inc. has a 1-year low of $4.35 and a 1-year high of $8.10.
ON24 (NYSE:ONTF - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm 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. As a group, sell-side analysts expect that ON24, Inc. will post -0.81 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on ONTF. Robert W. Baird lifted their target price on ON24 from $6.00 to $8.10 and gave the company a "neutral" rating in a report on Friday. Wall Street Zen raised ON24 from a "hold" rating to a "buy" rating in a research note on Saturday, November 15th. Weiss Ratings reissued a "sell (d-)" rating on shares of ON24 in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group raised their price target on shares of ON24 from $6.00 to $8.10 and gave the company a "hold" rating in a report on Wednesday, December 31st. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $7.40.
Get Our Latest Research Report on ONTF
Institutional Investors Weigh In On ON24
Several institutional investors and hedge funds have recently modified their holdings of ONTF. Federated Hermes Inc. lifted its position in ON24 by 0.5% during the 3rd 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of ON24 by 13.7% during the second quarter. Geode Capital Management LLC now owns 852,320 shares of the company's stock valued at $4,629,000 after purchasing an additional 102,396 shares during the period. Acadian Asset Management LLC lifted its position in shares of ON24 by 1.8% during the second quarter. Acadian Asset Management LLC now owns 845,702 shares of the company's stock worth $4,590,000 after purchasing an additional 14,851 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of ON24 by 19.6% in the third 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 period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in ON24 by 4.7% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 83.93% of the company's stock.
ON24 Company Profile
(
Get Free Report)
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.
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