ON24 Acquired by Cvent for Approximately $400 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2026
0mins
Should l Buy ONTF?
Source: seekingalpha
- Earnings Highlights: ON24 reported a Q4 GAAP EPS of $0.05 with revenues of $34.6 million, indicating stable performance in the market despite competitive pressures.
- Acquisition Announcement: ON24 has announced its acquisition by Cvent for approximately $400 million in cash, which not only provides financial support for ON24 but also potentially enhances Cvent's market share in the digital events sector.
- Market Reaction: The acquisition news has drawn market attention, with analysts upgrading ON24's rating, reflecting investor confidence in its future growth potential, which may positively impact its stock price.
- Strategic Implications: Cvent's acquisition will enable ON24 to leverage its resources and technology to further expand its customer base and enhance product innovation capabilities, thereby maintaining a competitive edge in a fiercely contested market.
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Analyst Views on ONTF
Wall Street analysts forecast ONTF stock price to fall
4 Analyst Rating
0 Buy
4 Hold
0 Sell
Hold
Current: 8.060
Low
5.00
Averages
5.00
High
5.00
Current: 8.060
Low
5.00
Averages
5.00
High
5.00
About ONTF
ON24, Inc. provides a cloud-based intelligent engagement platform that combines experiences with personalization and content, to enable sales and marketing organizations to capture and act on connected insights at scale. The Company's platform’s portfolio of interactive and personalized digital experience products creates and captures actionable, real-time data from professionals to provide businesses with buying signals and behavioral insights to convert prospects into customers. Its portfolio of ON24 Experience products include ON24 Elite, a live, interactive webinar experience; ON24 Forums, a live, interactive experience that facilitates video-to-video interaction between presenters and audiences; ON24 Engagement Hub, an always-on, rich multimedia content experience; ON24 Target, a personalized and curated, rich landing page experience; ON24 Breakouts, and ON24 Go Live. Its ON24 Experience products are backed by its solutions, including ON24 Intelligence, ON24 Connect, and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

- Investigation Background: Halper Sadeh LLC is investigating companies such as ON24, Inc., European Wax Center, Inc., and Flushing Financial Corp. for potential violations of federal securities laws and breaches of fiduciary duties, which may impact shareholder rights.
- Transaction Details: ON24, Inc. is being sold to Cvent for $8.10 per share in cash, while European Wax Center, Inc. is selling to General Atlantic for $5.80 per share in cash, with terms that may limit superior competing offers.
- Shareholder Rights Protection: Halper Sadeh LLC encourages shareholders to contact them to discuss their rights and options at no cost, highlighting their commitment to protecting shareholder interests.
- Legal Service Commitment: The law firm promises to handle cases on a contingent fee basis, meaning shareholders will not incur any legal fees unless the case is successful, aiming to provide legal support and relief for defrauded investors.
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- Earnings Highlights: ON24 reported a Q4 GAAP EPS of $0.05 with revenues of $34.6 million, indicating stable performance in the market despite competitive pressures.
- Acquisition Announcement: ON24 has announced its acquisition by Cvent for approximately $400 million in cash, which not only provides financial support for ON24 but also potentially enhances Cvent's market share in the digital events sector.
- Market Reaction: The acquisition news has drawn market attention, with analysts upgrading ON24's rating, reflecting investor confidence in its future growth potential, which may positively impact its stock price.
- Strategic Implications: Cvent's acquisition will enable ON24 to leverage its resources and technology to further expand its customer base and enhance product innovation capabilities, thereby maintaining a competitive edge in a fiercely contested market.
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- Investigation Focus: Halper Sadeh LLC is investigating companies such as ON24, Inc., Marine Products Corporation, and Webster Financial Corporation for potential violations of federal securities laws and breaches of fiduciary duties, which may impact shareholder rights.
- Transaction Details: ON24 is being sold to Cvent for $8.10 per share in cash, Marine Products is being sold for $2.43 per share in cash plus 0.232 shares of MasterCraft common stock, and Webster Financial is being sold for $48.75 in cash plus 2.0548 Santander American Depository Shares, with terms that may limit superior competing offers.
- Shareholder Rights Protection: Halper Sadeh LLC encourages shareholders to contact the firm to discuss their rights and options at no cost, aiming to provide legal support and potential compensation for affected investors.
- Potential Legal Actions: The law firm may seek increased consideration, additional disclosures, or other relief measures to protect shareholders' legal rights and pursue better transaction terms.
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- ON24 Acquisition Investigation: Halper Sadeh LLC is investigating ON24, Inc. (NYSE:ONTF) for its sale to Cvent at $8.10 per share in cash, potentially violating federal securities laws and fiduciary duties, impacting shareholder rights.
- Sonida Merger Analysis: The merger of Sonida Senior Living, Inc. (NYSE:SNDA) with CNL Healthcare Properties, Inc. will result in existing shareholders owning between 39.5% and 50.0% of the diluted common equity of the new company, which may affect shareholder control and future earnings.
- Inspirato Sale Investigation: Halper Sadeh LLC is also investigating the sale of Inspirato Incorporated (NASDAQ:ISPO) to Exclusive Investments LLC for $4.27 per share, with potential implications for shareholder rights, encouraging shareholders to understand their options.
- Legal Service Commitment: Halper Sadeh LLC offers to handle these cases on a contingency fee basis, meaning shareholders will not incur out-of-pocket legal fees, aiming to secure increased compensation and disclosures for affected shareholders, thereby enhancing legal protections.
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- Investigation Launched: Former Louisiana Attorney General Charles C. Foti and his law firm Kahn Swick & Foti are investigating the proposed sale of ON24 to Cvent, aiming to assess the adequacy and transparency of the transaction.
- Shareholder Return Analysis: Under the proposal, ON24 shareholders will receive $8.10 in cash per share, and whether this price adequately reflects the company's true value requires further scrutiny, potentially impacting shareholder decisions.
- Legal Rights Consultation: KSF encourages shareholders who believe the transaction undervalues the company to contact them for legal consultation, demonstrating a commitment to protecting shareholder rights and interests.
- Firm Background: Kahn Swick & Foti, led by a former Louisiana Attorney General, possesses extensive legal expertise and is dedicated to safeguarding clients' rights, enhancing the credibility of the investigation.
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- ON24 Acquisition Investigation: Halper Sadeh LLC is investigating ON24, Inc. (NYSE: ONTF) for its sale to Cvent at $8.10 per share in cash, potentially violating fiduciary duties to shareholders, aiming to ensure fair compensation for investors.
- Ventyx Transaction Scrutiny: The firm is also examining Ventyx Biosciences, Inc. (NASDAQ: VTYX) for its sale to Eli Lilly at $14.00 per share, which may impact shareholder rights, with Halper Sadeh potentially seeking increased compensation for shareholders.
- Sun Country Deal Analysis: The investigation extends to Sun Country Airlines Holdings, Inc. (NASDAQ: SNCY), which is selling to Allegiant Travel Company for 0.1557 shares of Allegiant common stock and $4.10 in cash per share, where Halper Sadeh may advocate for enhanced shareholder rights.
- Legal Service Commitment: Halper Sadeh LLC offers legal services on a contingency fee basis, encouraging affected shareholders to reach out to discuss their rights and options, demonstrating the firm's strong commitment to protecting investor interests.
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