ON24, Inc. (NYSE:ONTF - Get Free Report) insider Sharat Sharan sold 15,679 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $8.01, for a total value of $125,588.79. Following the transaction, the insider owned 3,735,683 shares in the company, valued at approximately $29,922,820.83. This represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Sharat Sharan also recently made the following trade(s):
- On Tuesday, February 10th, Sharat Sharan sold 2,310 shares of ON24 stock. The stock was sold at an average price of $7.93, for a total transaction of $18,318.30.
- On Wednesday, December 31st, Sharat Sharan sold 50,332 shares of ON24 stock. The stock was sold at an average price of $7.97, for a total transaction of $401,146.04.
- 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.
ON24 Stock Performance
NYSE:ONTF opened at $8.02 on Tuesday. The firm has a 50-day simple moving average of $7.75 and a 200-day simple moving average of $6.35. ON24, Inc. has a one year low of $4.35 and a one year high of $8.10. The firm has a market cap of $342.09 million, a P/E ratio of -11.79 and a beta of 0.61.
Institutional Trading of ON24
Hedge funds and other institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its position in shares of ON24 by 139.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,852 shares of the company's stock worth $39,000 after purchasing an additional 2,825 shares in the last quarter. Meteora Capital LLC acquired a new position in ON24 during the 4th quarter valued at about $48,000. PNC Financial Services Group Inc. raised its stake in ON24 by 132.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,614 shares of the company's stock valued at $61,000 after buying an additional 4,334 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in ON24 in the third quarter worth about $60,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in ON24 in the third quarter worth about $61,000. Hedge funds and other institutional investors own 83.93% of the company's stock.
Analyst Ratings Changes
Several brokerages have issued reports on ONTF. Canaccord Genuity Group increased their target price on ON24 from $6.00 to $8.10 and gave the company a "hold" rating in a research report on Wednesday, December 31st. Wall Street Zen raised ON24 from a "hold" rating to a "buy" rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of ON24 in a research report on Thursday, January 22nd. Finally, Robert W. Baird lifted their target price on ON24 from $6.00 to $8.10 and gave the company a "neutral" rating in a research note on Friday, January 2nd. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $8.10.
Read Our Latest Research Report on ONTF
About ON24
(
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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