Geode Capital Management LLC Lowers Stock Holdings in ON24, Inc. (NYSE:ONTF)

Geode Capital Management LLC lessened its holdings in ON24, Inc. (NYSE:ONTF) by 1.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 743,544 shares of the company’s stock after selling 11,587 shares during the period. Geode Capital Management LLC owned 1.79% of ON24 worth $4,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of ON24 during the third quarter worth $62,000. Marshall Wace LLP purchased a new stake in ON24 in the 2nd quarter worth $72,000. The Manufacturers Life Insurance Company boosted its holdings in shares of ON24 by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after purchasing an additional 2,158 shares during the last quarter. Gladius Capital Management LP grew its position in shares of ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after purchasing an additional 13,755 shares in the last quarter. Finally, FMR LLC boosted its stake in ON24 by 45.0% during the third quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after buying an additional 8,528 shares during the last quarter. 83.93% of the stock is owned by institutional investors.

ON24 Trading Up 1.4 %

Shares of NYSE ONTF opened at $6.59 on Monday. The firm’s 50-day moving average price is $6.53 and its 200-day moving average price is $6.29. ON24, Inc. has a 12-month low of $5.37 and a 12-month high of $8.35. The stock has a market capitalization of $274.48 million, a price-to-earnings ratio of -6.34 and a beta of 0.51.

Wall Street Analyst Weigh In

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

Insider Transactions at ON24

In other ON24 news, CRO James Blackie sold 4,649 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $6.29, for a total value of $29,242.21. Following the completion of the sale, the executive now owns 421,187 shares of the company’s stock, valued at $2,649,266.23. This trade represents a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven Vattuone sold 3,830 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $6.96, for a total value of $26,656.80. Following the completion of the sale, the chief financial officer now owns 560,885 shares in the company, valued at approximately $3,903,759.60. The trade was a 0.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,176 shares of company stock worth $583,278. 32.30% of the stock is currently owned by company insiders.

About 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.