ON24, Inc. (NYSE:ONTF – Get Free Report) insider Jayesh Sahasi sold 6,457 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $6.69, for a total transaction of $43,197.33. Following the transaction, the insider now directly owns 700,479 shares in the company, valued at $4,686,204.51. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Jayesh Sahasi also recently made the following trade(s):
- On Monday, December 2nd, Jayesh Sahasi sold 3,656 shares of ON24 stock. The stock was sold at an average price of $6.63, for a total transaction of $24,239.28.
- On Wednesday, November 20th, Jayesh Sahasi sold 4,089 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total transaction of $25,719.81.
- On Monday, September 9th, Jayesh Sahasi sold 1,941 shares of ON24 stock. The shares were sold at an average price of $5.91, for a total transaction of $11,471.31.
- On Thursday, September 5th, Jayesh Sahasi sold 2,285 shares of ON24 stock. The shares were sold at an average price of $6.16, for a total transaction of $14,075.60.
ON24 Stock Performance
ONTF stock traded up $0.05 during trading on Wednesday, reaching $6.65. 230,399 shares of the company were exchanged, compared to its average volume of 172,127. The company has a market cap of $276.97 million, a P/E ratio of -6.39 and a beta of 0.51. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $8.35. The stock’s 50 day moving average price is $6.31 and its 200 day moving average price is $6.16.
Hedge Funds Weigh In On ON24
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of ON24 from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Needham & Company LLC reissued a “hold” rating on shares of ON24 in a report on Friday, November 8th.
Read Our Latest Stock Report on ON24
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.
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