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 $231,887 were sold by Sharan Sharat on Nov 22 ’24. At $6.43 per share, Sharan Sharat sold 36,060 shares. The insider’s holdings dropped to 3,100,388 shares worth approximately $20.4 million following the completion of this transaction.
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Also, Vattuone Steven sold 4,383 shares, netting a total of over 27,552 in proceeds. Following the sale of shares at $6.29 each, the insider now holds 583,591 shares.
Before that, Blackie James had sold 4,649 shares from its account. In a trade valued at $29,224, the Chief Revenue Officer traded ON24 Inc shares for $6.29 each. Upon closing the transaction, the insider’s holdings decreased to 4,649 shares, worth approximately $2.77 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 5.28%. Over the course of the year, ON24 Inc shares have dropped approximately -16.50%. 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 $6.27, while a 200-day SMA reached $6.40. Nevertheless, trading volume fell to 62847.0 shares from 0.19 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 6.45, which, if violated, would cause prices to drop to 6.31. In the upper region, resistance lies at 6.67. The next price resistance is at 6.75. RSI (Relative Strength Index) is 56.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 19.76%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
