Charles Schwab Investment Management Inc. Boosts Position in ON24, Inc. (NYSE:ONTF)

Charles Schwab Investment Management Inc. raised its position in ON24, Inc. (NYSE:ONTF) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 285,071 shares of the company’s stock after acquiring an additional 2,189 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.68% of ON24 worth $1,842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of ON24 by 38.1% in the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock worth $91,000 after purchasing an additional 3,891 shares during the period. R Squared Ltd bought a new position in ON24 in the fourth quarter worth approximately $153,000. 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 during the last quarter. Jane Street Group LLC grew 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 acquiring an additional 29,148 shares during the period. Finally, P.A.W. Capital Corp purchased a new stake in shares of ON24 in the 4th quarter worth $484,000. 83.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ONTF shares. William Blair reiterated a “market perform” rating on shares of ON24 in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their target price on shares of ON24 from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th.

ON24 Stock Performance

ONTF opened at $5.36 on Friday. The stock has a market cap of $226.65 million, a price-to-earnings ratio of -5.15 and a beta of 0.55. The firm’s fifty day moving average is $6.19 and its 200 day moving average is $6.32. ON24, Inc. has a fifty-two week low of $5.22 and a fifty-two week high of $7.29.

Insider Buying and Selling at ON24

In related news, CFO Steven Vattuone sold 6,624 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $6.68, for a total transaction of $44,248.32. Following the completion of the transaction, the chief financial officer now directly owns 544,386 shares of the company’s stock, valued at approximately $3,636,498.48. This represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dominique Trempont sold 4,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $6.94, for a total value of $29,495.00. Following the transaction, the director now owns 254,600 shares of the company’s stock, valued at $1,766,924. This represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 206,529 shares of company stock valued at $1,174,541 and have sold 184,617 shares valued at $1,111,394. Insiders own 32.30% of the company’s stock.

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.