ON24 Inc. Common Stock (NYSE: ONTF)
Company Name:ON24 Inc. Common Stock
Stock Symbol:NYSE: ONTF
Class Period Start:01/08/2021
Class Period End (inclusive):11/03/2021
On August 10, 2021, the Company provided its 2Q2021 financial results including guidance below analysts’ expectations and disclosed “higher-than-expected churn and down-sell from customers [it] signed up in the second quarter of last year during the peak of COVID…primarily in the first-time renewal cohort, customers who signed up one-year contracts last year and who were up for renewal.” On this news, the Company’s share price plummeted approximately 31%, damaging investors.