ON24 (ONTF)
Market Price (4/1/2026): $8.1 | Market Cap: $344.0 MilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
ON24 (ONTF)
Market Price (4/1/2026): $8.1Market Cap: $344.0 MilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -47% Megatrend and thematic driversMegatrends include Digital Transformation & Future of Work. Themes include Virtual Event Platforms, Digital Engagement Platforms, and Enterprise Video & Communications. | Trading close to highsDist 52W High is 0.0% Weak multi-year price returns2Y Excs Rtn is -7.9%, 3Y Excs Rtn is -48% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -36 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -26% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.9%, Rev Chg QQuarterly Revenue Change % is -5.6% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 21% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12% Key risksONTF key risks include [1] declining revenue and customer retention issues and [2] a history of net losses and challenges in achieving profitability. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -47% |
| Megatrend and thematic driversMegatrends include Digital Transformation & Future of Work. Themes include Virtual Event Platforms, Digital Engagement Platforms, and Enterprise Video & Communications. |
| Trading close to highsDist 52W High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -7.9%, 3Y Excs Rtn is -48% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -36 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -26% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.9%, Rev Chg QQuarterly Revenue Change % is -5.6% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 21% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12% |
| Key risksONTF key risks include [1] declining revenue and customer retention issues and [2] a history of net losses and challenges in achieving profitability. |
Qualitative Assessment
AI Analysis | Feedback
1. Pending All-Cash Acquisition Offer.
The primary reason for ON24's stock remaining largely at the same level is the proposed all-cash acquisition by a Cvent affiliate for $8.10 per share. This offer, which the ON24 board unanimously backs, sets a clear valuation ceiling for the stock, with a special shareholder meeting scheduled for March 26, 2026, to vote on the merger.
2. Consistent Neutral Analyst Sentiment and Price Targets.
Wall Street analysts have maintained a "Hold" or "Reduce" consensus rating for ONTF, with the average 12-month price target consistently set at $8.10. This analyst outlook, aligning precisely with the acquisition offer price, signals limited potential for significant upward or downward movement in the stock.
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Stock Movement Drivers
Fundamental Drivers
The 1.8% change in ONTF stock from 12/31/2025 to 3/31/2026 was primarily driven by a 2.8% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 3312026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.96 | 8.10 | 1.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 141 | 139 | -1.4% |
| P/S Multiple | 2.4 | 2.5 | 2.8% |
| Shares Outstanding (Mil) | 43 | 42 | 0.4% |
| Cumulative Contribution | 1.8% |
Market Drivers
12/31/2025 to 3/31/2026| Return | Correlation | |
|---|---|---|
| ONTF | 1.8% | |
| Market (SPY) | -5.4% | 25.0% |
| Sector (XLK) | -7.7% | 35.2% |
Fundamental Drivers
The 41.6% change in ONTF stock from 9/30/2025 to 3/31/2026 was primarily driven by a 45.0% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 3312026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.72 | 8.10 | 41.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 143 | 139 | -2.6% |
| P/S Multiple | 1.7 | 2.5 | 45.0% |
| Shares Outstanding (Mil) | 43 | 42 | 0.3% |
| Cumulative Contribution | 41.6% |
Market Drivers
9/30/2025 to 3/31/2026| Return | Correlation | |
|---|---|---|
| ONTF | 41.6% | |
| Market (SPY) | -2.9% | 13.8% |
| Sector (XLK) | -5.6% | 8.6% |
Fundamental Drivers
The 55.8% change in ONTF stock from 3/31/2025 to 3/31/2026 was primarily driven by a 68.0% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 3312026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.20 | 8.10 | 55.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 148 | 139 | -5.9% |
| P/S Multiple | 1.5 | 2.5 | 68.0% |
| Shares Outstanding (Mil) | 42 | 42 | -1.4% |
| Cumulative Contribution | 55.8% |
Market Drivers
3/31/2025 to 3/31/2026| Return | Correlation | |
|---|---|---|
| ONTF | 55.8% | |
| Market (SPY) | 16.3% | 29.3% |
| Sector (XLK) | 29.3% | 25.2% |
Fundamental Drivers
The 7.1% change in ONTF stock from 3/31/2023 to 3/31/2026 was primarily driven by a 30.2% change in the company's P/S Multiple.| (LTM values as of) | 3312023 | 3312026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.56 | 8.10 | 7.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 191 | 139 | -27.0% |
| P/S Multiple | 1.9 | 2.5 | 30.2% |
| Shares Outstanding (Mil) | 48 | 42 | 12.7% |
| Cumulative Contribution | 7.1% |
Market Drivers
3/31/2023 to 3/31/2026| Return | Correlation | |
|---|---|---|
| ONTF | 7.1% | |
| Market (SPY) | 63.3% | 34.4% |
| Sector (XLK) | 79.5% | 30.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ONTF Return | -76% | -50% | 6% | -18% | 23% | 2% | -87% |
| Peers Return | -0% | -58% | 56% | 8% | -19% | -17% | -53% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -7% | 69% |
Monthly Win Rates [3] | |||||||
| ONTF Win Rate | 27% | 17% | 58% | 33% | 42% | 100% | |
| Peers Win Rate | 50% | 28% | 55% | 53% | 43% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| ONTF Max Drawdown | -79% | -60% | -21% | -31% | -31% | -1% | |
| Peers Max Drawdown | -27% | -62% | -10% | -22% | -34% | -29% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ZM, CRM, ADBE, HUBS, RNG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/31/2026 (YTD)
How Low Can It Go
| Event | ONTF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -92.1% | -25.4% |
| % Gain to Breakeven | 1164.9% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
Compare to ZM, CRM, ADBE, HUBS, RNG
In The Past
ON24's stock fell -92.1% during the 2022 Inflation Shock from a high on 2/9/2021. A -92.1% loss requires a 1164.9% gain to breakeven.
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About ON24 (ONTF)
AI Analysis | Feedback
ON24 is like an enterprise-grade Zoom for interactive webinars and virtual events, built to engage audiences and generate sales leads.
Think of ON24 as a specialized marketing platform for interactive digital content and virtual events, similar to how HubSpot provides tools for broader marketing automation.
AI Analysis | Feedback
Major products and services offered by ON24 (ONTF):
- ON24 Elite: Provides a live and interactive webinar experience.
- ON24 Breakouts: Offers a live breakout room experience for networking and collaboration.
- ON24 Go Live: Delivers a live, interactive video event experience for real-time face-to-face engagement.
- ON24 Virtual Conference: Enables large-scale live virtual event experiences.
- ON24 Engagement Hub: Manages and delivers rich multimedia content experiences.
- ON24 Target: Provides personalized and curated rich multimedia content experiences.
- ON24 Intelligence: Serves as an analytics platform capturing first-person data for insights and AI/ML.
- ON24 Connect: Offers an ecosystem for integrating with third-party applications.
- Professional Services: Includes experience management, monitoring, premium support, and implementation services.
AI Analysis | Feedback
ON24, Inc. (ONTF) primarily sells its cloud-based digital experience platform to other businesses, making it a business-to-business (B2B) company.
The provided background information does not list specific major customer company names. However, it identifies the following industries as its customer base:
- Technology
- Financial services
- Healthcare
- Industrial and manufacturing
- Professional services
- Business-to-business information service industries
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Sharat Sharan, Founder, President and CEO
Sharat Sharan co-founded ON24 (originally known as Financial Multimedia Company / ON24) in 1998 and has led the company for over two decades, guiding its evolution into a publicly-traded leader in digital experience and webinar marketing, culminating in a successful IPO in 2021. Prior to ON24, he held executive roles at AT&T Wireless Systems and served as Vice President & General Manager and Group Vice President at Hearst New Media, where he co-founded Hearst's internet media business.
Steve Vattuone, Chief Financial Officer
Steve Vattuone has served as ON24's Chief Financial Officer since November 2019, following a tenure as the company's VP Finance from May 2018. He brings a strong background in finance and accounting, having held leadership roles in both publicly traded and venture-backed companies. His previous experience includes finance leadership positions at companies such as Electric Cloud, Grass Valley USA, and Composite Software.
Jim Blackie, Chief Revenue Officer
Jim Blackie joined ON24 as Chief Revenue Officer in December 2016, bringing extensive experience in accelerating and scaling SaaS organizations. His prior roles include Vice President of Sales at TriNet, where he focused on building the technology business in the SMB market. He also served as Executive Vice President of Sales and Marketing at Evolv and LRN, and held sales leadership positions at Gartner and Xerox.
David Lee, Chief Marketing Officer
David Lee is responsible for leading ON24's global marketing and corporate communications, bringing extensive experience from global marketing leadership roles in enterprise B2B technology companies. Most notably, he served as Chief Marketing Officer at Envestnet | Yodlee, where he played a key role in leading the fintech company to significant revenue growth and a successful IPO. Earlier in his career, he was Vice President of Marketing for SonicWALL and held executive positions at Palm Computing, Quaker Oats, and Procter & Gamble.
Jayesh Sahasi, Executive VP, Products and CTO
Jayesh Sahasi has been with ON24 since September 2000, currently serving as Executive Vice President of Product and Chief Technology Officer. He is an accomplished technology executive with over 25 years of experience in product management and engineering, including overseeing startup growth from inception to IPO. Sahasi's prior experience includes founding and serving as CEO of Infosyn, and holding the role of Principal Engineer at StreetFusion, which was later acquired by CCBN/Thomson Reuters. He also held engineering roles at Andavo, TMW Systems, and HGO Technology.
AI Analysis | Feedback
The key risks to ON24's business include a proposed merger that introduces significant uncertainty, ongoing revenue decline and customer churn, and intense competition in the digital experience platform market.
- Uncertainty and Risks Associated with the Proposed Merger with Cvent Atlanta, LLC: ON24 has entered into a merger agreement with Cvent Atlanta, LLC, under which ON24 would become a wholly-owned subsidiary. This proposed transaction introduces substantial execution and timing risks, as it is subject to regulatory and shareholder approvals. Delays or failure to complete the merger could constrain ON24's strategic flexibility, capital allocation, and lead to intensified litigation, damaged market confidence, and a stock price reset. During the pendency of the deal, restrictive covenants, elevated transaction costs, and potential negative publicity could weaken operations, employee retention, and customer relationships. If the merger closes, public shareholders will forgo participation in any future upside of the business.
- Revenue Decline and Customer Churn: ON24 has faced challenges with declining revenue and a shrinking customer base. For instance, total revenue for fiscal year 2025 was down modestly from 2024, and Annual Recurring Revenue (ARR) also saw a decrease. The company's customer count has been shrinking, falling from over 1,700 in 2023 to approximately 1,539 by the end of 2025. This trend is attributed to macroeconomic uncertainty, which leads enterprise customers (ON24's core base) to slow commitments to new platform services, and a partial shift back towards in-person events after the initial surge in virtual engagement during the pandemic.
- Intense Competition and Commoditization of Webinar Tools: ON24 operates in a highly competitive landscape for digital experience platforms, virtual events, and webinars. The company faces significant competition from established webinar providers, larger DXP vendors, CRM-centric engagement tools, and new entrants offering AI-native content generation and cheaper point solutions. Major platforms like Zoom and Microsoft Teams increasingly include webinar features, creating commoditization pressure and affecting pricing power. While ON24 differentiates itself through proprietary first-party data capture, detailed engagement analytics, and AI-driven insights, the intense competitive dynamics can impact its market position, pricing strategies, and win rates.
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The emergence of sophisticated, highly immersive, and persistent 3D virtual environments (often termed "metaverse" platforms) for business engagement. These platforms, unlike ON24's primarily 2D web-based experiences, allow for avatar-based interaction, spatial audio, and richer content presentation in a virtual space, potentially offering a more engaging and memorable experience for attendees of virtual events, conferences, and product showcases. While still in early adoption for B2B, significant investment and technological advancements suggest they could become a disruptive force for how businesses engage with customers digitally, moving beyond the traditional webinar and video conference format.AI Analysis | Feedback
ON24 (ONTF) operates within several significant addressable markets globally, including the digital experience platform, virtual event platform, webinar software, and content experience platform markets. The company also reported its own estimated Total Addressable Market (TAM) for the United States.
- Digital Experience Platform (DXP) Market: The global digital experience platform market was valued at approximately USD 5.01 billion in 2025 and is projected to reach USD 15.35 billion by 2034, demonstrating a compound annual growth rate (CAGR) of 13.58% during the forecast period. Another estimate places the global DXP market at approximately USD 15.2 billion in 2026, with a projection to reach USD 59.2 billion by 2035 at a CAGR of 16.3%.
- Virtual Event Platform Market: The global virtual event platform market size was valued at over USD 16.47 billion in 2025 and is anticipated to cross USD 54.44 billion by 2035, growing at a CAGR of more than 12.7%. Other reports indicate the market was valued at USD 17.44 billion in 2025 and is projected to grow to USD 56.93 billion by 2034, with a CAGR of 14.09%. Specifically, ON24 itself targets a global virtual/hybrid events market that reached approximately USD 198 billion in 2023, with an 18–20% CAGR outlook through 2030.
- Webinar Software Market: The global webinar software market size was valued at USD 9.4 billion in 2024 and is poised to grow from USD 10.73 billion in 2025 to USD 31.05 billion by 2033, at a CAGR of 14.2%.
- Content Experience Platform (CXP) Market: The global content experience platforms market is estimated to be valued at USD 6.4 billion in 2025 and is projected to reach USD 15.9 billion by 2035, registering a CAGR of 9.5% over the forecast period.
- ON24's Stated Total Addressable Market (TAM): ON24 reported a Large TAM of USD 44 billion in the United States, as estimated on June 30, 2021.
AI Analysis | Feedback
Here are the expected drivers of future revenue growth for ON24 (ONTF) over the next 2-3 years:
- AI-Powered Platform and Product Innovation: ON24's continued investment in artificial intelligence (AI) and the launch of new AI-powered products are significant growth drivers. The company's Intelligent Engagement Platform, featuring AI-powered Analytics and Content Engine (ACE), aims to enhance personalization, content atomization, and engagement scoring to drive sales intelligence and recurring revenue. Recently launched tools like AI Propel+ for repurposing webinar content into short-form videos and machine translation capabilities for over 60 languages are expected to increase adoption and deliver higher contract values by enabling customers to scale personalized experiences and automate continuous engagement.
- Expansion within Regulated Industries and Enterprise Customers: ON24 has demonstrated strong performance and a strategic focus on enterprise customers and mission-critical digital transformation use cases, particularly in regulated industries like life sciences and financial services. The company is rolling out tailored editions to meet specific compliance requirements (e.g., HIPAA and FINRA), which increases its suitability for regulated enterprise deployments and drives strong business performance and diversification. This focus is leading to improved gross retention rates and is considered a driver of new business.
- Increased Multi-Product Adoption and Improved Customer Retention: Growing adoption of multiple ON24 products by existing customers and improved retention rates are expected to contribute to revenue growth. The company has seen its highest gross retention rates in three years, and a record number of customers are using two or more products, indicating increased customer satisfaction and loyalty. The average Annual Recurring Revenue (ARR) per customer has shown slight increases, and the company expects continued progress in gross retention, both in churn and down-sell.
- Strategic Partnerships to Expand Reach: Strategic partnerships, such as the collaboration with LinkedIn, are anticipated to drive revenue by expanding audience reach and streamlining event promotion. This partnership aims to multiply event promotion on LinkedIn, drive additional audiences to ON24 events, and provide seamless workflows for event registration and data syncing, thereby transforming digital events and increasing lead generation.
- International Market Expansion: ON24 is targeting a 15% increase in international subscribers by the end of 2026, with a particular focus on the EMEA (Europe, Middle East, and Africa) and APAC (Asia-Pacific) regions. This international expansion strategy aims to capitalize on the global shift towards digital-first sales and marketing approaches.
AI Analysis | Feedback
Share Repurchases
- ON24 authorized a share repurchase program on May 12, 2025, allowing for the purchase of up to $50 million of its common stock. This program is expected to extend over multiple quarters and will be funded from existing cash and future cash flow.
- The company previously announced an equity buyback program on March 14, 2024, authorizing the repurchase of up to $25 million worth of its outstanding common stock, valid for 12 months.
Share Issuance
- ON24 (ONTF) completed its Initial Public Offering (IPO) on February 3, 2021, raising $407 million by issuing 8,560,930 shares at a price between $45.00 and $50.00 per share.
- The number of outstanding shares has varied over the last few years, from 47.75 million in 2021 to 42.65 million as of March 2026.
Inbound Investments
- Lynrock Lake LP, a significant shareholder of ON24, acquired 38,022 shares of the company's common stock on March 14, 2025, for approximately $220,147, increasing its total holdings to 7,659,474 shares.
Capital Expenditures
- In the last 12 months (prior to March 2026), ON24 reported capital expenditures of -$3.48 million.
- The company plans to continue investing in AI and other strategic areas to drive future growth.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| ON24 Earnings Notes | 12/16/2025 | |
| How Low Can ON24 Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to ONTF.
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| 03312026 | PANW | Palo Alto Networks | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 03312026 | ALKT | Alkami Technology | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | DBX | Dropbox | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.6% | 2.6% | 0.0% |
| 03272026 | DLB | Dolby Laboratories | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 03272026 | PTC | PTC | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 133.53 |
| Mkt Cap | 18.3 |
| Rev LTM | 4,000 |
| Op Inc LTM | 622 |
| FCF LTM | 1,250 |
| FCF 3Y Avg | 1,084 |
| CFO LTM | 1,375 |
| CFO 3Y Avg | 1,207 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.2% |
| Rev Chg 3Y Avg | 9.0% |
| Rev Chg Q | 8.6% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 13.1% |
| Op Mgn 3Y Avg | 8.0% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 30.3% |
| CFO/Rev 3Y Avg | 27.2% |
| FCF/Rev LTM | 27.9% |
| FCF/Rev 3Y Avg | 24.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 18.3 |
| P/S | 4.1 |
| P/EBIT | 20.4 |
| P/E | 18.6 |
| P/CFO | 11.8 |
| Total Yield | 3.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 4.6% |
| D/E | 0.0 |
| Net D/E | -0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.5% |
| 3M Rtn | -18.3% |
| 6M Rtn | -11.8% |
| 12M Rtn | -10.5% |
| 3Y Rtn | 0.9% |
| 1M Excs Rtn | 4.1% |
| 3M Excs Rtn | -12.9% |
| 6M Excs Rtn | -11.8% |
| 12M Excs Rtn | -28.5% |
| 3Y Excs Rtn | -56.7% |
Price Behavior
| Market Price | $8.10 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 02/03/2021 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $8.00 | $6.27 |
| DMA Trend | up | up |
| Distance from DMA | 1.3% | 29.3% |
| 3M | 1YR | |
| Volatility | 6.4% | 50.8% |
| Downside Capture | 0.07 | 0.45 |
| Upside Capture | 19.35 | 100.95 |
| Correlation (SPY) | 1.4% | 29.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.05 | 0.17 | 0.11 | 0.65 | 0.78 | 0.95 |
| Up Beta | 0.20 | 0.33 | 0.32 | 0.84 | 0.79 | 0.92 |
| Down Beta | 0.03 | 0.12 | 1.86 | 1.58 | 0.79 | 0.84 |
| Up Capture | 16% | 27% | 18% | 65% | 95% | 87% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 9 | 18 | 25 | 55 | 113 | 358 |
| Down Capture | -4% | 9% | -173% | -16% | 73% | 103% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 4 | 11 | 17 | 49 | 112 | 351 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ONTF | |
|---|---|---|---|---|
| ONTF | 51.6% | 50.9% | 0.96 | - |
| Sector ETF (XLK) | 29.5% | 27.0% | 0.93 | 25.1% |
| Equity (SPY) | 17.2% | 18.9% | 0.72 | 29.0% |
| Gold (GLD) | 52.7% | 27.9% | 1.51 | -1.3% |
| Commodities (DBC) | 17.9% | 17.6% | 0.86 | 9.5% |
| Real Estate (VNQ) | 2.8% | 16.5% | -0.00 | 23.1% |
| Bitcoin (BTCUSD) | -20.8% | 44.1% | -0.40 | 15.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ONTF | |
|---|---|---|---|---|
| ONTF | -29.0% | 48.1% | -0.54 | - |
| Sector ETF (XLK) | 16.3% | 24.7% | 0.59 | 35.7% |
| Equity (SPY) | 12.1% | 17.0% | 0.55 | 36.4% |
| Gold (GLD) | 21.7% | 17.8% | 1.00 | 4.4% |
| Commodities (DBC) | 11.6% | 18.8% | 0.50 | 3.8% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.10 | 28.8% |
| Bitcoin (BTCUSD) | 4.9% | 56.6% | 0.31 | 19.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ONTF | |
|---|---|---|---|---|
| ONTF | -18.3% | 49.4% | -0.62 | - |
| Sector ETF (XLK) | 21.1% | 24.3% | 0.80 | 35.9% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 36.2% |
| Gold (GLD) | 13.8% | 15.9% | 0.72 | 4.9% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 2.3% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.21 | 27.8% |
| Bitcoin (BTCUSD) | 66.1% | 66.8% | 1.05 | 21.6% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/25/2026 | -0.1% | 0.0% | 1.0% |
| 11/10/2025 | 13.6% | 7.0% | 21.0% |
| 8/7/2025 | 4.2% | 9.1% | 18.6% |
| 5/7/2025 | 0.2% | 12.9% | 17.2% |
| 2/25/2025 | -4.1% | -7.0% | -7.6% |
| 11/7/2024 | 1.1% | -0.8% | 4.5% |
| 8/6/2024 | -1.5% | 6.9% | 5.9% |
| 5/7/2024 | -4.4% | -3.7% | -14.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 8 | 10 |
| # Negative | 12 | 12 | 10 |
| Median Positive | 2.7% | 8.0% | 10.2% |
| Median Negative | -4.5% | -7.9% | -12.3% |
| Max Positive | 13.6% | 12.9% | 21.0% |
| Max Negative | -31.0% | -35.6% | -33.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/13/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/15/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Sharan, Sharat | President and Chief Executive | Direct | Sell | 1052026 | 7.97 | 50,332 | 401,141 | 28,871,433 | Form |
| 2 | Vattuone, Steven | Chief Financial Officer | Direct | Sell | 1022026 | 7.98 | 80,000 | 638,744 | 3,614,125 | Form |
| 3 | Sahasi, Jayesh | EV President, Product and CTO | Direct | Sell | 1022026 | 7.98 | 34,753 | 277,433 | 5,368,783 | Form |
| 4 | Blackie, James | Chief Revenue Officer | Direct | Sell | 1022026 | 7.96 | 16,000 | 127,360 | 3,811,734 | Form |
| 5 | Sharan, Sharat | President and Chief Executive | Direct | Sell | 12192025 | 5.82 | 19,119 | 111,366 | 21,102,978 | Form |
Industry Resources
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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