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ON24 Inc [ONTF] EV President, Product and CTO makes an insider purchase of 1,800 shares worth 10801.0.

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ON24 Inc shares valued at $10,801 were sold by Sahasi Jayesh on Jul 03 ’24. At $6.00 per share, Sahasi Jayesh sold 1,800 shares. The insider’s holdings dropped to 754,247 shares worth approximately $4.49 million following the completion of this transaction.

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Also, Sahasi Jayesh sold 466 shares, netting a total of over 2,796 in proceeds. Following the sale of shares at $6.00 each, the insider now holds 756,047 shares.

Before that, Sharan Sharat had sold 39,745 shares from its account. In a trade valued at $233,116, the President and Chief Executive traded ON24 Inc shares for $5.87 each. Upon closing the transaction, the insider’s holdings decreased to 39,745 shares, worth approximately $18.23 million.

As published in their initiating research note from KeyBanc Capital Markets on September 13, 2022, ON24 Inc [ONTF] has been a Sector weight. Analysts at Needham downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid May. As of March 01, 2022, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for ONTF. Earlier on March 01, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for ONTF stock which previously was a “an Outperform”.

Analyzing ONTF Stock Performance

During the last five days, there has been a surge of approximately 4.02%. Over the course of the year, ON24 Inc shares have dropped approximately -24.49%. Shares of the company reached a 52-week high of $8.35 on 02/16/24 and a 52-week low of $5.37 on 06/17/24. A 50-day SMA is recorded $6.14, while a 200-day SMA reached $6.80. Nevertheless, trading volume fell to 93287.0 shares from 0.25 million shares the previous day.

Support And Resistance Levels for ON24 Inc (ONTF)

According to the 24-hour chart, there is a support level at 5.92, which, if violated, would cause prices to drop to 5.90. In the upper region, resistance lies at 5.98. The next price resistance is at 6.03. RSI (Relative Strength Index) is 52.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.17, which suggests the price will decrease in the coming days. Percent R is at 10.94%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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