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On September 2nd, 3rd, and 4th, Steven Vattuone, Chief Financial Officer of ON24 INC (NASDAQ:ONTF), sold 13,165 shares of common stock for approximately $72,588. The company, currently valued at $235 million, shows strong financial health with more cash than debt on its balance sheet, according to InvestingPro data.
The sales, executed under a pre-arranged 10b5-1 trading plan, covered tax obligations related to vesting restricted stock units. The price range for these sales was between $5.4274 and $5.6028.
Specifically, on September 2, Vattuone sold 3,222 shares at a weighted average price of $5.6028. On September 3, he sold 3,549 shares at a weighted average price of $5.4274. And on September 4, Vattuone sold 6,394 shares at a weighted average price of $5.5168. Following these transactions, Vattuone directly owns 613,156 shares of ON24 INC.
In other recent news, ON24 Inc. reported its second-quarter 2025 earnings, which surpassed analysts’ expectations. The company achieved an earnings per share (EPS) of $0.02, exceeding the forecasted $0.01. Additionally, ON24’s revenue reached $35.3 million, surpassing the anticipated $34.76 million. These results highlight the company’s positive financial performance for the quarter. Despite the strong earnings and revenue figures, the company’s stock experienced a decline in after-hours trading. The market response did not align with the positive earnings report. Investors may be evaluating other factors beyond the earnings and revenue performance. The company’s recent developments underscore the importance of considering multiple aspects when assessing stock performance.
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