Piper Sandler Sticks to Its Hold Rating for ON24 (ONTF)

Piper Sandler analyst Brent Bracelin maintained a Hold rating on ON24 (ONTFResearch Report) today and set a price target of $9.00. The company’s shares closed yesterday at $6.99.

According to TipRanks, Bracelin is an analyst with an average return of -1.4% and a 39.41% success rate. Bracelin covers the Technology sector, focusing on stocks such as Adobe, Microsoft, and Oracle.

Currently, the analyst consensus on ON24 is a Hold with an average price target of $11.00.

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ONTF market cap is currently $346.2M and has a P/E ratio of -6.56.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ONTF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

ON24 Inc provides a cloud-based digital experience platform that enables businesses to convert customer engagement into revenue through interactive webinar experiences, virtual event experiences, and multimedia content experiences. The company derives revenue from subscription agreements with customers for accessing the platform and related services.

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