Anyone interested in ON24, Inc. (NYSE:ONTF) should probably be aware that the Independent Director, Dominique Trempont, recently divested US$311k worth of shares in the company, at an average price of US$6.21 each. That sale was 17% of their holding, so it does make us raise an eyebrow.

The Last 12 Months Of Insider Transactions At ON24

In the last twelve months, the biggest single sale by an insider was when the Chief Revenue Officer, James Blackie, sold US$343k worth of shares at a price of US$6.84 per share. So what is clear is that an insider saw fit to sell at around the current price of US$6.33. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Insiders in ON24 didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like ON24 better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does ON24 Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 9.5% of ON24 shares, worth about US$25m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The ON24 Insider Transactions Indicate?

Insiders sold ON24 shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing ON24. You'd be interested to know, that we found 2 warning signs for ON24 and we suggest you have a look.

But note: ON24 may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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