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Sharan Sharat, the President and Chief Executive Officer of ON24 Inc. (NYSE:ONTF), has recently sold a portion of his holdings in the company. According to a recent SEC filing, Sharat sold 36,675 shares of common stock on March 18, 2025, at a weighted average price of $5.4756, totaling approximately $200,817. The sale was conducted under a pre-established Rule 10B5-1 trading plan. The transaction comes as the stock trades near its 52-week low of $5.36, with shares down about 17% year-to-date. InvestingPro analysis suggests the stock is currently undervalued, with additional insider trading insights available in the Pro Research Report.
In addition to the sale, Sharat also exercised stock options, acquiring 62,206 shares at a price of $0.86 per share. Following these transactions, Sharat holds a total of 3,203,288 shares of ON24. The company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 2.59x, indicating solid liquidity.
ON24, based in San Francisco, is a provider of webcasting and virtual event solutions. The company’s stock is traded on the New York Stock Exchange under the ticker symbol ONTF. With a market capitalization of $228 million and gross profit margins of 75%, ON24 operates with strong fundamentals despite current profitability challenges. Analysts expect the company to return to profitability this year, according to InvestingPro data.
In other recent news, ON24 Inc. reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.06, significantly higher than the forecasted $0.01. The company’s revenue also exceeded projections, reaching $36.7 million against an expected $35.87 million. These results indicate a positive shift in ON24’s financial health, supported by the successful launch of its AI-powered ACE platform, which contributed significantly to growth. The company reported a positive free cash flow of $2.6 million for 2024, marking a substantial improvement from the previous year. Analysts have noted ON24’s strategic direction and future growth potential, with JPMorgan analysts highlighting some positive trends in the demand environment. Despite a year-over-year decline in core platform revenue, ON24 remains optimistic about returning to ARR growth in 2025, projecting a 1-2% increase. The company has set a full-year 2025 revenue guidance between $136.3 million and $139.3 million, with expectations to achieve EBITDA positivity from Q2 to Q4 2025. Additionally, ON24’s strategic focus on platform innovation and AI investments continues to be a key driver for future success.
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