ON24 (NYSE:ONTF) CFO Steven Vattuone Sells 80,000 Shares

ON24, Inc. (NYSE:ONTF) CFO Steven Vattuone sold 80,000 shares of the company’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $7.98, for a total transaction of $638,400.00. Following the completion of the transaction, the chief financial officer owned 452,654 shares in the company, valued at $3,612,178.92. This trade represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Steven Vattuone also recently made the following trade(s):

• On Tuesday, December 9th, Steven Vattuone sold 7,010 shares of ON24 stock. The stock was sold at an average price of $6.04, for a total transaction of $42,340.40.
• On Wednesday, December 3rd, Steven Vattuone sold 9,453 shares of ON24 stock. The stock was sold at an average price of $5.83, for a total transaction of $55,110.99.
• On Tuesday, December 2nd, Steven Vattuone sold 12,754 shares of ON24 stock. The stock was sold at an average price of $5.66, for a total transaction of $72,187.64.
• On Monday, December 1st, Steven Vattuone sold 13,510 shares of ON24 stock. The shares were sold at an average price of $5.70, for a total transaction of $77,007.00.
• On Monday, November 24th, Steven Vattuone sold 3,821 shares of ON24 stock. The shares were sold at an average price of $5.28, for a total value of $20,174.88.
• On Thursday, November 20th, Steven Vattuone sold 4,392 shares of ON24 stock. The stock was sold at an average price of $5.30, for a total value of $23,277.60.

ON24 Price Performance

ON24 stock opened at $7.97 on Friday. The firm has a market cap of $336.76 million, a PE ratio of -10.76 and a beta of 0.61. The stock’s fifty day moving average price is $5.80 and its two-hundred day moving average price is $5.55. ON24, Inc. has a one year low of $4.35 and a one year high of $8.10.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ONTF shares. Robert W. Baird increased their price target on shares of ON24 from $6.00 to $8.10 and gave the stock a “neutral” rating in a research report on Friday. Canaccord Genuity Group boosted their price objective on shares of ON24 from $6.00 to $8.10 and gave the company a “hold” rating in a research report on Wednesday. Wall Street Zen raised ON24 from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ON24 in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $7.40.

Institutional Investors Weigh In On ON24

Several hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new position in ON24 in the 3rd quarter worth about $60,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of ON24 during the third quarter valued at about $61,000. Public Employees Retirement System of Ohio grew its holdings in shares of ON24 by 228.5% during the second quarter. Public Employees Retirement System of Ohio now owns 12,242 shares of the company’s stock worth $66,000 after purchasing an additional 8,515 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of ON24 in the second quarter valued at approximately $78,000. Finally, Russell Investments Group Ltd. increased its stake in shares of ON24 by 43.5% in the third quarter. Russell Investments Group Ltd. now owns 15,918 shares of the company’s stock valued at $91,000 after buying an additional 4,823 shares during the period. Institutional investors and hedge funds own 83.93% of the company’s stock.

About ON24

ON24, Inc (NYSE: ONTF) is a cloud-based digital experience platform that enables organizations to create, manage and optimize virtual events, webinars and multimedia content. The company’s technology is designed to facilitate interactive, data-driven engagement between enterprises and their audiences, supporting demand generation, lead nurturing, corporate communications and training initiatives.

At the core of ON24’s offering is its webinar and virtual event solution, which provides live and on-demand webcasting, attendee interaction tools and real-time analytics.