ON24 Shares Gain On Sanctioning $50 Million Share Buyback Program

By Benzinga
Benzinga
Benzinga
December 2, 2021 Updated: December 3, 2021

Cloud-based hybrid engagement platform ON24 Inc.’s 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 Sept. 30.

Price Action

ON24 shares traded higher by 7.63 percent at $16.36 on the last check Thursday.

By Anusuya Lahiri

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

Benzinga