ON24, Inc. (NYSE:ONTF) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in ON24, Inc. (NYSE:ONTF) by 0.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,077,688 shares of the company’s stock after selling 12,525 shares during the period. Vanguard Group Inc. owned approximately 0.07% of ON24 worth $19,482,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. State of Wyoming bought a new position in shares of ON24 during the 4th quarter valued at about $26,000. Tower Research Capital LLC TRC grew its position in ON24 by 194.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,132 shares of the company’s stock worth $25,000 after buying an additional 2,069 shares during the last quarter. UBS Group AG increased its holdings in shares of ON24 by 229.8% in the second quarter. UBS Group AG now owns 3,225 shares of the company’s stock valued at $31,000 after buying an additional 2,247 shares in the last quarter. Ensign Peak Advisors Inc lifted its position in shares of ON24 by 4,250.0% during the 1st quarter. Ensign Peak Advisors Inc now owns 4,350 shares of the company’s stock valued at $57,000 after acquiring an additional 4,250 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of ON24 by 1,092.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,601 shares of the company’s stock worth $44,000 after acquiring an additional 4,215 shares in the last quarter. Institutional investors own 83.93% of the company’s stock.

ON24 Stock Down 2.8 %

Shares of NYSE:ONTF opened at $6.99 on Monday. The company has a market cap of $291.27 million, a P/E ratio of -6.08 and a beta of 0.48. The company’s fifty day moving average is $7.21 and its two-hundred day moving average is $7.10. ON24, Inc. has a 12-month low of $5.73 and a 12-month high of $9.55.

ON24 (NYSE:ONTF) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.25). The company had revenue of $39.34 million during the quarter, compared to analyst estimates of $37.29 million. ON24 had a negative net margin of 31.63% and a negative return on equity of 18.49%. During the same quarter in the prior year, the company posted ($0.23) EPS. Equities research analysts anticipate that ON24, Inc. will post -0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price target on ON24 from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Friday, February 23rd.

Insider Buying and Selling

In other ON24 news, Director Dominique Trempont sold 4,250 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $7.50, for a total value of $31,875.00. Following the transaction, the director now owns 291,435 shares in the company, valued at $2,185,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CRO James Blackie sold 17,899 shares of ON24 stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $8.15, for a total value of $145,876.85. Following the completion of the sale, the executive now owns 286,320 shares of the company’s stock, valued at approximately $2,333,508. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dominique Trempont sold 4,250 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $7.50, for a total transaction of $31,875.00. Following the transaction, the director now directly owns 291,435 shares in the company, valued at $2,185,762.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,873 shares of company stock worth $716,124. Corporate insiders own 27.30% of the company’s stock.

About ON24

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.