Barclays PLC Boosts Position in ON24, Inc. (NYSE:ONTF)

Barclays PLC lifted its holdings in shares of ON24, Inc. (NYSE:ONTF) by 48.7% in the third quarter, Holdings Channel.com reports. The fund owned 101,837 shares of the company’s stock after purchasing an additional 33,352 shares during the period. Barclays PLC’s holdings in ON24 were worth $624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in ON24 during the 3rd quarter valued at approximately $62,000. Marshall Wace LLP purchased a new position in shares of ON24 in the 2nd quarter valued at approximately $72,000. The Manufacturers Life Insurance Company boosted its position in shares of ON24 by 19.1% during the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after purchasing an additional 2,158 shares in the last quarter. Gladius Capital Management LP grew its stake in ON24 by 151.2% in the third 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 during the period. Finally, FMR LLC raised its holdings in ON24 by 45.0% in the third 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. Hedge funds and other institutional investors own 83.93% of the company’s stock.

ON24 Stock Performance

Shares of NYSE ONTF opened at $6.46 on Thursday. The company has a 50 day simple moving average of $6.51 and a two-hundred day simple moving average of $6.26. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $8.35. The company has a market capitalization of $269.07 million, a price-to-earnings ratio of -6.21 and a beta of 0.51.

Insider Buying and Selling

In other ON24 news, CFO Steven Vattuone sold 4,383 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $6.29, for a total transaction of $27,569.07. Following the completion of the sale, the chief financial officer now directly owns 583,591 shares in the company, valued at approximately $3,670,787.39. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jayesh Sahasi sold 4,089 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $6.29, for a total transaction of $25,719.81. Following the completion of the transaction, the insider now owns 713,460 shares in the company, valued at approximately $4,487,663.40. This represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,176 shares of company stock worth $583,278 in the last 90 days. 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 Friday, November 8th.

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.