Acadian Asset Management LLC Has $4.59 Million Holdings in ON24, Inc. $ONTF

Acadian Asset Management LLC lifted its stake in ON24, Inc. (NYSE:ONTF) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 845,702 shares of the company’s stock after acquiring an additional 14,851 shares during the period. Acadian Asset Management LLC owned 1.99% of ON24 worth $4,590,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lynrock Lake LP grew its holdings in shares of ON24 by 4.5% during the 1st quarter. Lynrock Lake LP now owns 7,659,474 shares of the company’s stock worth $39,829,000 after purchasing an additional 329,715 shares in the last quarter. Palogic Value Management L.P. lifted its position in ON24 by 23.1% in the first quarter. Palogic Value Management L.P. now owns 320,000 shares of the company’s stock worth $1,664,000 after purchasing an additional 60,000 shares during the period. Goldman Sachs Group Inc. boosted its stake in ON24 by 3.9% during the first quarter. Goldman Sachs Group Inc. now owns 188,836 shares of the company’s stock worth $982,000 after buying an additional 7,139 shares in the last quarter. Hsbc Holdings PLC increased its holdings in ON24 by 115.6% in the 1st quarter. Hsbc Holdings PLC now owns 78,363 shares of the company’s stock valued at $409,000 after buying an additional 42,018 shares during the period. Finally, Nuveen LLC bought a new position in shares of ON24 during the 1st quarter worth about $357,000. Institutional investors own 83.93% of the company’s stock.

ON24 Stock Performance

Shares of ONTF stock opened at $5.67 on Friday. The stock’s fifty day moving average is $5.55 and its 200-day moving average is $5.37. ON24, Inc. has a 52 week low of $4.35 and a 52 week high of $7.03. The stock has a market capitalization of $239.52 million, a PE ratio of -7.66 and a beta of 0.66.

ON24 (NYSE:ONTF) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. ON24 had a negative net margin of 22.09% and a negative return on equity of 18.61%. The business had revenue of $34.60 million for the quarter, compared to the consensus estimate of $33.87 million. ON24 has set its FY 2025 guidance at 0.050-0.060 EPS. Q4 2025 guidance at 0.010-0.020 EPS. As a group, analysts forecast that ON24, Inc. will post -0.81 earnings per share for the current fiscal year.

Insider Activity at ON24

In other news, CFO Steven Vattuone sold 20,116 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $5.54, for a total transaction of $111,442.64. Following the completion of the sale, the chief financial officer owned 583,594 shares in the company, valued at $3,233,110.76. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO James Blackie sold 4,592 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $5.52, for a total value of $25,347.84. Following the transaction, the executive directly owned 512,852 shares in the company, valued at $2,830,943.04. This trade represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 157,441 shares of company stock worth $864,434. Company insiders own 33.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ONTF shares. Weiss Ratings reissued a “sell (d-)” rating on shares of ON24 in a research note on Wednesday, October 8th. Robert W. Baird upped their price objective on ON24 from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday. Canaccord Genuity Group raised their target price on ON24 from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Wall Street Zen lowered ON24 from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $6.00.

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.