ON24 Shares Gain On Sanctioning $50M Share Buyback Program

December 2, 2021 12:37 PM | 22 seconds read |

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.