Jane Street Group LLC Has $374,000 Holdings in ON24, Inc. (NYSE:ONTF)

Jane Street Group LLC increased its holdings in shares of ON24, Inc. (NYSE:ONTF) by 91.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,122 shares of the company’s stock after buying an additional 29,148 shares during the quarter. Jane Street Group LLC owned 0.15% of ON24 worth $374,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in ON24 by 19.2% during the 2nd quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock worth $3,362,000 after buying an additional 90,058 shares during the period. Renaissance Technologies LLC raised its stake in ON24 by 12.9% during the 2nd quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after buying an additional 83,000 shares during the period. FMR LLC raised its stake in ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after buying an additional 8,528 shares during the period. Cubist Systematic Strategies LLC raised its stake in ON24 by 8.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company’s stock worth $395,000 after buying an additional 5,337 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in ON24 by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after purchasing an additional 2,158 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

Insider Activity

In other news, CFO Steven Vattuone sold 4,383 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $6.29, for a total value of $27,569.07. Following the completion of the transaction, the chief financial officer now owns 583,591 shares in the company, valued at $3,670,787.39. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jayesh Sahasi sold 4,089 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 $25,719.81. Following the completion of the transaction, the insider now owns 713,460 shares of the company’s stock, valued at $4,487,663.40. The trade was a 0.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 112,176 shares of company stock worth $748,624 in the last quarter. Corporate insiders own 32.30% of the company’s stock.

ON24 Trading Down 0.2 %

ONTF stock opened at $6.57 on Thursday. The stock has a 50-day moving average price of $6.54 and a two-hundred day moving average price of $6.30. The stock has a market cap of $273.65 million, a PE ratio of -6.32 and a beta of 0.50. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35.

Wall Street Analyst Weigh In

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

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.