ON24 Inc’s recently made public that its President and Chief Executive Sharan Sharat unloaded Company’s shares for reported $0.13 million on Apr 01 ’24. In the deal valued at $7.18 per share,17,686 shares were sold. As a result of this transaction, Sharan Sharat now holds 2,640,204 shares worth roughly $17.85 million.
Then, Vattuone Steven sold 9,314 shares, generating $61,680 in total proceeds. Upon selling the shares at $6.62, the Chief Financial Officer now owns 364,189 shares.
Before that, Vattuone Steven sold 12,031 shares. ON24 Inc shares valued at $79,663 were divested by the Chief Financial Officer at a price of $6.62 per share. As a result of the transaction, Vattuone Steven now holds 373,503 shares, worth roughly $2.52 million.
KeyBanc Capital Markets initiated its ON24 Inc [ONTF] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Hold”. William Blair also remained covering ONTF and has decreased its forecast on March 01, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. Robert W. Baird revised its rating on March 01, 2022. It rated ONTF as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of ONTF
On Tuesday, ON24 Inc [NYSE:ONTF] saw its stock jump 0.15% to $6.76. Over the last five days, the stock has lost -7.14%. ON24 Inc shares have fallen nearly -14.21% since the year began. Nevertheless, the stocks have fallen -11.89% over the past one year. While a 52-week high of $9.09 was reached on 02/16/24, a 52-week low of $5.73 was recorded on 03/14/24. SMA at 50 days reached $7.17, while 200 days put it at $7.18. A total of 0.23 million shares were traded, compared to the trading of 0.11 million shares in the previous session.
Levels Of Support And Resistance For ONTF Stock
The 24-hour chart illustrates a support level at 6.65, which if violated will result in even more drops to 6.54. On the upside, there is a resistance level at 6.83. A further resistance level may holdings at 6.90. The Relative Strength Index (RSI) on the 14-day chart is 43.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.52%. Stochastics %K at 40.39% indicates the stock is a holding.
