ON24 (NYSE:ONTF) CFO Sells $638,400.00 in Stock

by · The Cerbat Gem

ON24, Inc. (NYSE:ONTF – Get Free Report) CFO Steven Vattuone sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $7.98, for a total transaction of $638,400.00. Following the completion of the sale, the chief financial officer directly owned 452,654 shares in the company, valued at approximately $3,612,178.92. This trade represents a 15.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Steven Vattuone also recently made the following trade(s):

  • On Tuesday, December 9th, Steven Vattuone sold 7,010 shares of ON24 stock. The shares were sold at an average price of $6.04, for a total transaction of $42,340.40.
  • 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 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 value of $23,277.60.

ON24 Trading Up 0.1%

ONTF stock traded up $0.01 during trading on Friday, hitting $7.97. 645,247 shares of the company’s stock were exchanged, compared to its average volume of 309,137. The stock has a market capitalization of $336.76 million, a price-to-earnings ratio of -10.76 and a beta of 0.60. ON24, Inc. has a 52-week low of $4.35 and a 52-week high of $8.10. The business has a 50-day moving average price of $5.76 and a two-hundred day moving average price of $5.53.

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, topping analysts’ consensus estimates of $0.01 by $0.02. ON24 had a negative net margin of 22.09% and a negative return on equity of 18.61%. The company had revenue of $34.60 million for the quarter, compared to analysts’ expectations 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, equities research analysts anticipate that ON24, Inc. will post -0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ONTF has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of ON24 in a research report on Wednesday, October 8th. Robert W. Baird increased their price objective on ON24 from $6.00 to $8.10 and gave the company a “neutral” rating in a report on Friday. Wall Street Zen raised shares of ON24 from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Canaccord Genuity Group increased their price target on shares of ON24 from $6.00 to $8.10 and gave the stock a “hold” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, ON24 currently has a consensus rating of “Reduce” and an average price target of $7.40.

View Our Latest Stock Analysis on ON24

Institutional Investors Weigh In On ON24

A number of institutional investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV purchased a new stake in ON24 in the 3rd quarter valued at approximately $60,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of ON24 in the third quarter worth $61,000. Public Employees Retirement System of Ohio lifted its position in shares of ON24 by 228.5% in the second quarter. Public Employees Retirement System of Ohio now owns 12,242 shares of the company’s stock valued at $66,000 after acquiring an additional 8,515 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of ON24 during the second quarter valued at $78,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of ON24 by 43.5% during the third quarter. Russell Investments Group Ltd. now owns 15,918 shares of the company’s stock valued at $91,000 after acquiring an additional 4,823 shares during the last quarter. Hedge funds and other institutional investors own 83.93% of the company’s stock.

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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