ON24 (ONTF) to Release Earnings on Tuesday

ON24 (NYSE:ONTF) is projected to release its earnings data after the market closes on Tuesday, February 25th. Analysts expect ON24 to post earnings of $0.02 per share and revenue of $35.87 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

ON24 Stock Down 3.7 %

Shares of NYSE:ONTF opened at $6.12 on Monday. ON24 has a 12-month low of $5.37 and a 12-month high of $8.28. The stock has a market cap of $254.69 million, a PE ratio of -5.88 and a beta of 0.52. The business has a 50 day moving average of $6.63 and a 200-day moving average of $6.42.

Insider Transactions at ON24

In related news, CFO Steven Vattuone sold 3,830 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $6.96, for a total value of $26,656.80. Following the completion of the sale, the chief financial officer now directly owns 560,885 shares in the company, valued at approximately $3,903,759.60. The trade was a 0.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sharat Sharan sold 36,189 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $6.20, for a total value of $224,371.80. Following the completion of the sale, the insider now owns 3,113,728 shares of the company’s stock, valued at approximately $19,305,113.60. This trade represents a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 168,637 shares of company stock worth $1,110,727 over the last quarter. Company insiders own 32.30% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “hold” rating on shares of ON24 in a report on Wednesday, January 15th.

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.