ON24, Inc. (NYSE:ONTF – Get Free Report) insider Sharat Sharan sold 21,465 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $6.73, for a total value of $144,459.45. Following the completion of the transaction, the insider now directly owns 3,102,983 shares in the company, valued at approximately $20,883,075.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
ON24 Trading Up 3.6 %
Shares of ONTF stock opened at $6.83 on Thursday. The stock has a fifty day simple moving average of $6.90 and a two-hundred day simple moving average of $7.13. ON24, Inc. has a 52-week low of $5.73 and a 52-week high of $9.55.
ON24 (NYSE:ONTF – Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.25). The company had revenue of $39.34 million for the quarter, compared to analysts’ expectations of $37.29 million. ON24 had a negative net margin of 31.63% and a negative return on equity of 18.49%. During the same period last year, the business earned ($0.23) earnings per share. As a group, research analysts anticipate that ON24, Inc. will post -0.6 earnings per share for the current year.
Institutional Trading of ON24
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group lowered their price objective on ON24 from $10.00 to $9.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd.
View 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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