SG Americas Securities LLC Increases Position in ON24, Inc. (NYSE:ONTF)

SG Americas Securities LLC grew its stake in shares of ON24, Inc. (NYSE:ONTF) by 38.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,092 shares of the company’s stock after acquiring an additional 3,891 shares during the period. SG Americas Securities LLC’s holdings in ON24 were worth $91,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC increased its position in shares of ON24 by 48.7% during the third quarter. Barclays PLC now owns 101,837 shares of the company’s stock worth $624,000 after purchasing an additional 33,352 shares in the last quarter. Jane Street Group LLC boosted its holdings in ON24 by 91.2% in the third 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. FMR LLC boosted its stake in shares of ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after acquiring an additional 8,528 shares in the last quarter. Gladius Capital Management LP boosted its stake in shares of ON24 by 151.2% during the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after acquiring an additional 13,755 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake 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 worth $81,000 after acquiring an additional 2,158 shares in the last quarter. Institutional investors own 83.93% of the company’s stock.

ON24 Stock Up 3.9 %

ONTF opened at $6.93 on Friday. The company has a market cap of $288.63 million, a PE ratio of -6.66 and a beta of 0.52. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.35. The company has a 50-day moving average price of $6.66 and a 200 day moving average price of $6.40.

Insider Buying and Selling at ON24

In related news, insider Jayesh Sahasi sold 5,047 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $7.00, for a total transaction of $35,329.00. Following the completion of the transaction, the insider now owns 692,045 shares of the company’s stock, valued at approximately $4,844,315. This trade represents a 0.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sharat Sharan sold 36,189 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $6.20, for a total transaction of $224,371.80. Following the transaction, the insider now directly owns 3,113,728 shares of the company’s stock, valued at $19,305,113.60. The trade was a 1.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,490 shares of company stock worth $1,099,848. Insiders own 32.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “hold” rating on shares of ON24 in a research report on Wednesday, January 15th.

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.