ON24 Shares Gain On Sanctioning $50M Share Buyback Program

  • Cloud-based hybrid engagement platform ON24 Inc's ONTF board authorized a share repurchase program of up to $50 million.
  • The repurchase program has an 18-month term, and ON24 expects repurchases under the program to extend over multiple quarters.
  • ON24 held $399.7 million in cash and equivalents as of September 30.
  • Price Action: ONTF shares traded higher by 7.63% at $16.36 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsBuybacksSmall CapMoversTechTrading IdeasBriefswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!