ON24, Inc. (NYSE:ONTF - Get Free Report) CFO Steven Vattuone sold 17,025 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $6.70, for a total transaction of $114,067.50. Following the sale, the chief financial officer now owns 544,386 shares of the company's stock, valued at approximately $3,647,386.20. The trade was a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

ONTF traded down $0.17 during midday trading on Wednesday, reaching $6.51. 194,739 shares of the company's stock traded hands, compared to its average volume of 170,847. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.35. The firm has a fifty day moving average of $6.45 and a two-hundred day moving average of $6.21. The stock has a market capitalization of $271.15 million, a price-to-earnings ratio of -6.26 and a beta of 0.51.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in ON24 by 14.5% in the second quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company's stock valued at $590,000 after acquiring an additional 12,400 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of ON24 by 19.2% during the 2nd quarter. Acadian Asset Management LLC now owns 559,602 shares of the company's stock valued at $3,362,000 after purchasing an additional 90,058 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ON24 by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company's stock valued at $8,830,000 after purchasing an additional 22,577 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of ON24 by 12.9% during the second quarter. Renaissance Technologies LLC now owns 726,434 shares of the company's stock valued at $4,366,000 after buying an additional 83,000 shares during the period. Finally, Marshall Wace LLP bought a new position in ON24 in the second quarter worth about $72,000. Institutional investors own 83.93% of the company's stock.

Separately, Needham & Company LLC reissued a "hold" rating on shares of ON24 in a report on Friday, November 8th.

Get Our Latest Research Report on ON24

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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