ON24 (ONTF) to Release Quarterly Earnings on Tuesday

ON24 (NYSE:ONTF) will likely be posting its quarterly earnings results 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 are interested in participating in the company’s earnings conference call can do so using this link.

ON24 Price Performance

Shares of ONTF stock opened at $6.12 on Friday. The stock has a market capitalization of $254.69 million, a PE ratio of -5.88 and a beta of 0.52. ON24 has a 1-year low of $5.37 and a 1-year high of $8.28. The business has a 50-day moving average of $6.63 and a 200 day moving average of $6.42.

Analyst Ratings Changes

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

Insider Transactions at ON24

In other ON24 news, Director Dominique Trempont sold 4,250 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $6.98, for a total transaction of $29,665.00. Following the completion of the sale, the director now owns 263,100 shares in the company, valued at $1,836,438. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven Vattuone sold 4,269 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.63, for a total value of $28,303.47. Following the sale, the chief financial officer now owns 579,322 shares of the company’s stock, valued at approximately $3,840,904.86. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,637 shares of company stock valued at $1,110,727. 32.30% of the stock is currently owned by insiders.

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.