ON24, Inc. (ONTF)

A definitive agreement was made for Cvent to acquire ON24 in an all-cash transaction valued at approximately $400 million, with ON24 shareholders expected to receive $8.10 per share. The acquisition is anticipated to close in the first half of 2026, pending approvals. Prior to this announcement, there were reports of insider selling by CEO Sharat Sharan and CFO Steven Vattuone. The stock price has shown volatility, with a 52-week range between $4.35 and $8.10.

Information regarding specific demand seasonality for ON24, Inc.'s products and services was not explicitly found in the provided search results.

ON24, Inc. is a cloud-based intelligent engagement platform offering web-based webinar, virtual conferencing, content hub, and landing page applications for B2B marketing and sales teams. The company operates in the technology sector, specifically the software industry, and expanded its offerings to include generative AI services in 2023. Its ON24 Experience products include ON24 Elite, ON24 Forum, ON24 Engagement Hub, and ON24 Target, supported by ON24 Intelligence and ON24 Services & Platform Support. The platform captures real-time data to provide businesses with buying signals and behavioral insights, serving sectors like financial services, life sciences, insurance, technology, and associations.

ON24 has a global presence with its headquarters in San Francisco, California, and offices across North America, EMEA, and APAC. The company has operations and affiliates in the United States, the United Kingdom (London), Australia (Sydney), Singapore, and Japan (Tokyo). Other office locations include Charlotte in the US, and historically, Munich and Stockholm.

ON24 has maintained a strong brand reputation in the enterprise webinar and digital event platform space, consistently ranking as a top platform in various G2 categories for five consecutive years. User reviews highlight the platform's intuitiveness, user-friendliness, and powerful interactive features, as well as customization options and valuable analytics. Some users have noted areas for improvement, including occasional sluggishness, limited visual page adjustment options, and a perceived lack of advanced animations. Recent positive events affecting its reputation include securing a U.S. patent for its AI-Powered Key Moments technology and its integration with LinkedIn.

ON24, Inc. is primarily owned by institutional shareholders (74.24%) and insiders (139.86%), with a smaller percentage held by retail investors (0.00%). Major institutional owners include Lynrock Lake LP, Indaba Capital Management LP, The Vanguard Group, Inc., BlackRock, Inc., Dimensional Fund Advisors LP, JPMorgan Chase & Co., Federated Hermes, Inc., State Street Corp., and Arrowstreet Capital Limited Partnership. Presidio Management Group VII L.L.C. is the largest individual shareholder, owning 12.24 million shares, and Cynthia Paul is also a significant individual shareholder.