ON24, Inc. (NYSE:ONTF) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in shares of ON24, Inc. (NYSE:ONTF) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,149 shares of the company’s stock after selling 2,586 shares during the period. Rhumbline Advisers owned approximately 0.11% of ON24 worth $292,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ONTF. SG Americas Securities LLC grew its position in ON24 by 38.1% during the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock worth $91,000 after buying an additional 3,891 shares during the period. Gladius Capital Management LP grew its holdings in shares of ON24 by 151.2% in 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 during the period. R Squared Ltd purchased a new position in ON24 in the 4th quarter valued at approximately $153,000. FMR LLC raised its holdings in ON24 by 45.0% during the third quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after purchasing an additional 8,528 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in ON24 by 91.2% during the third quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock worth $374,000 after purchasing an additional 29,148 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

Insider Buying and Selling

In other ON24 news, CFO Steven Vattuone sold 17,025 shares of ON24 stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $6.70, for a total value of $114,067.50. Following the transaction, the chief financial officer now owns 544,386 shares in the company, valued at $3,647,386.20. This trade represents a 3.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 approximately $4,844,315. The trade was a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 167,142 shares of company stock worth $1,068,769. 32.30% of the stock is owned by company insiders.

ON24 Stock Up 0.1 %

Shares of ON24 stock opened at $5.75 on Monday. The firm has a market cap of $239.28 million, a PE ratio of -5.52 and a beta of 0.55. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $7.38. The business’s fifty day moving average is $6.46 and its two-hundred day moving average is $6.39.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ONTF. William Blair reissued a “market perform” rating on shares of ON24 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price target on shares of ON24 from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, Needham & Company LLC restated a “hold” rating on shares of ON24 in a research report on Wednesday, February 26th.

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.