Jane Street Group LLC Acquires 29,148 Shares of ON24, Inc. (NYSE:ONTF)

Jane Street Group LLC increased its holdings in shares of ON24, Inc. (NYSE:ONTF) by 91.2% in the third quarter, HoldingsChannel reports. The firm owned 61,122 shares of the company’s stock after buying an additional 29,148 shares during the period. Jane Street Group LLC’s holdings in ON24 were worth $374,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ONTF. SG Americas Securities LLC acquired a new stake in ON24 during the third quarter worth approximately $62,000. Marshall Wace LLP acquired a new stake in ON24 during the second quarter worth approximately $72,000. The Manufacturers Life Insurance Company lifted its position in ON24 by 19.1% during the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after acquiring an additional 2,158 shares during the last quarter. Gladius Capital Management LP lifted its position in ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after acquiring an additional 13,755 shares during the last quarter. Finally, FMR LLC lifted its position in ON24 by 45.0% during the third quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after acquiring an additional 8,528 shares during the last quarter. Institutional investors own 83.93% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “hold” rating on shares of ON24 in a research report on Friday, November 8th.

Insider Activity

In other news, CFO Steven Vattuone sold 4,383 shares of ON24 stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $6.29, for a total value 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. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO James Blackie sold 8,000 shares of ON24 stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $6.96, for a total transaction of $55,680.00. Following the completion of the sale, the executive now owns 405,352 shares of the company’s stock, valued at approximately $2,821,249.92. The trade was a 1.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,176 shares of company stock worth $748,624. Corporate insiders own 32.30% of the company’s stock.

ON24 Stock Down 0.2 %

Shares of ONTF stock opened at $6.57 on Thursday. ON24, Inc. has a 12-month low of $5.37 and a 12-month high of $8.35. The firm has a 50 day moving average price of $6.54 and a two-hundred day moving average price of $6.30. The company has a market capitalization of $273.65 million, a PE ratio of -6.32 and a beta of 0.50.

ON24 Profile

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.