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ON24 Clears Key Antitrust Hurdle in Cvent Acquisition

Story Highlights
  • On February 13, 2026, ON24 gained early HSR clearance for its acquisition by a Cvent affiliate, removing a key antitrust hurdle but leaving shareholder and other regulatory approvals outstanding.
  • ON24 has filed proxy materials with the SEC and will solicit shareholder votes at a special meeting, while warning investors of legal, regulatory and execution risks that could still affect completion of the merger.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ON24 Clears Key Antitrust Hurdle in Cvent Acquisition

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ON24 ( (ONTF) ) just unveiled an announcement.

On February 13, 2026, ON24, Inc. said it received early termination of the Hart-Scott-Rodino antitrust waiting period from the U.S. Federal Trade Commission for its previously announced acquisition by an affiliate of Cvent, Inc. The clearance removes a key antitrust hurdle, but the deal still requires approval from ON24 stockholders and remaining regulatory bodies before it can close.

ON24 has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission and plans to mail a definitive proxy to shareholders ahead of a special meeting on the transaction. The company highlighted that directors and executives may solicit proxies and directed investors to SEC filings for details on their interests and on risks that could delay, alter or prevent completion of the merger.

The most recent analyst rating on (ONTF) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on ON24 stock, see the ONTF Stock Forecast page.

Spark’s Take on ONTF Stock

According to Spark, TipRanks’ AI Analyst, ONTF is a Neutral.

The score is held back primarily by weak financial performance (declining revenue and ongoing losses) despite strong gross margins and improving free cash flow. Technicals are supportive but carry near-term overbought risk (very high RSI). Earnings call guidance and the signed all-cash acquisition agreement add meaningful support, while valuation remains constrained by negative earnings and no stated dividend yield.

To see Spark’s full report on ONTF stock, click here.

More about ON24

ON24, Inc. is a U.S.-based company that provides digital engagement and virtual event technology, supporting enterprises with webcasts, webinars and related online experiences to reach and interact with customers at scale. Its platform is marketed primarily to corporate and institutional clients that rely on data-driven digital events for marketing, customer engagement and demand generation.

Average Trading Volume: 390,530

Technical Sentiment Signal: Buy

Current Market Cap: $337.7M

Find detailed analytics on ONTF stock on TipRanks’ Stock Analysis page.

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