ON24, Inc. (NYSE:ONTF) Stock Position Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its position in shares of ON24, Inc. (NYSE:ONTF) by 16.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,882 shares of the company’s stock after selling 30,800 shares during the period. Los Angeles Capital Management LLC’s holdings in ON24 were worth $1,033,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ONTF. Gladius Capital Management LP raised its stake in shares of ON24 by 151.2% during the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after purchasing an additional 13,755 shares in the last quarter. FMR LLC grew its holdings in shares of ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after purchasing an additional 8,528 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of ON24 by 91.2% during the 3rd quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock worth $374,000 after purchasing an additional 29,148 shares in the last quarter. Barclays PLC grew its holdings in shares of ON24 by 48.7% during the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock worth $624,000 after purchasing an additional 33,352 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in ON24 by 38.1% in the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock valued at $91,000 after buying an additional 3,891 shares in the last quarter. 83.93% of the stock is owned by hedge funds and other institutional investors.

ON24 Trading Up 0.5 %

NYSE:ONTF opened at $5.59 on Friday. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $7.38. The stock has a market cap of $232.83 million, a price-to-earnings ratio of -5.38 and a beta of 0.52. The stock has a 50-day moving average price of $6.55 and a two-hundred day moving average price of $6.41.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ONTF. Needham & Company LLC restated a “hold” rating on shares of ON24 in a research report on Wednesday. JPMorgan Chase & Co. dropped their price objective on ON24 from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, William Blair reiterated a “market perform” rating on shares of ON24 in a report on Wednesday.

Insider Buying and Selling at ON24

In other news, Director Dominique Trempont sold 4,250 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $6.94, for a total transaction of $29,495.00. Following the completion of the transaction, the director now directly owns 254,600 shares of the company’s stock, valued at $1,766,924. This represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jayesh Sahasi sold 5,047 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $7.00, for a total value of $35,329.00. Following the transaction, the insider now directly owns 692,045 shares of the company’s stock, valued at $4,844,315. This represents a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,637 shares of company stock valued at $1,110,727. Company insiders own 32.30% 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.