ON24 (ONTF) to Release Quarterly Earnings on Tuesday

ON24 (NYSE:ONTF) is expected to be posting its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect ON24 to post earnings of $0.02 per share and revenue of $35.87 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

ON24 Stock Performance

NYSE ONTF opened at $6.12 on Friday. The stock has a market capitalization of $254.69 million, a price-to-earnings ratio of -5.88 and a beta of 0.52. The stock’s 50 day moving average price is $6.63 and its two-hundred day moving average price is $6.42. ON24 has a 52 week low of $5.37 and a 52 week high of $8.28.

Insider Buying and Selling at ON24

In other ON24 news, insider Sharat Sharan sold 36,189 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $6.20, for a total value of $224,371.80. Following the completion of the sale, the insider now owns 3,113,728 shares of the company’s stock, valued at approximately $19,305,113.60. This trade represents a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jayesh Sahasi sold 5,047 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $7.00, for a total value of $35,329.00. Following the sale, the insider now owns 692,045 shares of the company’s stock, valued at $4,844,315. This trade represents a 0.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 168,637 shares of company stock worth $1,110,727. 32.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

ON24 Company 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.