ON24, Inc. (NYSE:ONTF - Get Free Report) Director Anil Arora bought 8,661 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $5.65 per share, for a total transaction of $48,934.65. Following the purchase, the director now directly owns 126,048 shares in the company, valued at approximately $712,171.20. The trade was a 7.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Anil Arora also recently made the following trade(s):
- On Tuesday, March 11th, Anil Arora purchased 39 shares of ON24 stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $214.50.
ON24 Trading Down 2.5 %
Shares of NYSE:ONTF opened at $5.60 on Friday. The company has a market cap of $233.20 million, a price-to-earnings ratio of -5.38 and a beta of 0.55. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $7.38. The company has a 50-day moving average price of $6.39 and a 200-day moving average price of $6.37.
Wall Street Analysts Forecast Growth
ONTF has been the topic of several research reports. William Blair restated a "market perform" rating on shares of ON24 in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a "hold" rating on shares of ON24 in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. decreased their price target on shares of ON24 from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th.
Check Out Our Latest Research Report on ONTF
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in ON24 by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 285,071 shares of the company's stock worth $1,842,000 after acquiring an additional 2,189 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of ON24 by 25.6% in the fourth quarter. Wells Fargo & Company MN now owns 17,270 shares of the company's stock worth $112,000 after acquiring an additional 3,518 shares during the period. SG Americas Securities LLC raised its stake in ON24 by 38.1% during the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company's stock valued at $91,000 after buying an additional 3,891 shares during the last quarter. Squarepoint Ops LLC increased its position in ON24 by 56.6% during the fourth quarter. Squarepoint Ops LLC now owns 15,804 shares of the company's stock valued at $102,000 after acquiring an additional 5,713 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of ON24 by 18.6% in the 4th quarter. Bank of America Corp DE now owns 47,999 shares of the company's stock worth $310,000 after purchasing an additional 7,531 shares during the period. Hedge funds and other institutional investors own 83.93% of the company's stock.
ON24 Company Profile
(
Get Free Report)
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.
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