Steven Vattuone Sells 11,229 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF – Get Rating) CFO Steven Vattuone sold 11,229 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $7.61, for a total value of $85,452.69. Following the transaction, the chief financial officer now directly owns 249,092 shares of the company’s stock, valued at approximately $1,895,590.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

ON24 Price Performance

Shares of NYSE:ONTF opened at $7.76 on Friday. ON24, Inc. has a 52-week low of $6.95 and a 52-week high of $14.65. The stock has a 50 day moving average price of $9.02 and a 200-day moving average price of $8.54.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “neutral” rating and set a $9.00 price target on shares of ON24 in a research report on Wednesday, March 1st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. bought a new position in shares of ON24 in the 4th quarter worth approximately $135,000. State of Wyoming purchased a new stake in shares of ON24 in the 4th quarter worth approximately $26,000. Jane Street Group LLC purchased a new stake in shares of ON24 in the 4th quarter worth approximately $544,000. State of Wisconsin Investment Board grew its stake in shares of ON24 by 20.9% in the 4th quarter. State of Wisconsin Investment Board now owns 89,453 shares of the company’s stock worth $772,000 after buying an additional 15,486 shares during the last quarter. Finally, Lynrock Lake LP grew its stake in shares of ON24 by 9.9% in the 4th quarter. Lynrock Lake LP now owns 7,329,759 shares of the company’s stock worth $63,256,000 after buying an additional 663,093 shares during the last quarter. Institutional investors own 78.61% of the company’s stock.

About ON24

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ON24, Inc provides a cloud-based digital experience platform that enables businesses to convert customer engagement into revenue through interactive webinar, virtual event, and multimedia content experiences worldwide. The company provides ON24 Experience products, such as ON24 Elite, a live and interactive webinar experience; ON24 Breakouts, a live breakout room experience that facilitates networking, collaboration and interactivity between users; ON24 Go Live, a live, interactive video event experience that enables presenters and attendees to engage face-to-face in real-time; ON24 Virtual Confrence, a live and large scale virtual event experience; ON24 Engagement Hub, a rich multimedia content experience; and ON24 Target, a personalized and curated rich multimedia content experience, as well as solutions; ON24 Intelligence, an analytics backbone that captures first-person data to power the insights, benchmarking, reporting, and artificial intelligence and machine learning engine; and ON24 Connect, an ecosystem of third-party application integrations.