Barclays PLC Boosts Stake in ON24, Inc. (NYSE:ONTF)

Barclays PLC raised its holdings in ON24, Inc. (NYSE:ONTF) by 48.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,837 shares of the company’s stock after acquiring an additional 33,352 shares during the period. Barclays PLC owned approximately 0.24% of ON24 worth $624,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Acadian Asset Management LLC grew its position in ON24 by 19.2% in the second quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock worth $3,362,000 after acquiring an additional 90,058 shares in the last quarter. Renaissance Technologies LLC lifted its stake in ON24 by 12.9% during the second quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after purchasing an additional 83,000 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of ON24 in the 2nd quarter worth about $427,000. Jane Street Group LLC increased its position in shares of ON24 by 91.2% during the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock valued at $374,000 after purchasing an additional 29,148 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings 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 buying an additional 22,577 shares in the last quarter. Institutional investors own 83.93% of the company’s stock.

ON24 Stock Down 0.3 %

Shares of NYSE:ONTF opened at $6.46 on Thursday. The stock has a market cap of $269.07 million, a PE ratio of -6.21 and a beta of 0.51. The company’s fifty day moving average is $6.51 and its 200 day moving average is $6.26. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.35.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research note on Friday, November 8th.

Insider Activity

In other news, CFO Steven Vattuone sold 4,383 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $6.29, for a total transaction of $27,569.07. Following the completion of the sale, the chief financial officer now owns 583,591 shares of the company’s stock, valued at approximately $3,670,787.39. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jayesh Sahasi sold 4,089 shares of ON24 stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $6.29, for a total transaction of $25,719.81. Following the completion of the transaction, the insider now directly owns 713,460 shares in the company, valued at approximately $4,487,663.40. The trade was a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,176 shares of company stock valued at $583,278. 32.30% of the stock is currently owned by insiders.

ON24 Profile

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.