James Blackie Sells 2,291 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 2,291 shares of ON24 stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $6.51, for a total value of $14,914.41. Following the completion of the sale, the executive now directly owns 425,836 shares in the company, valued at $2,772,192.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

James Blackie also recently made the following trade(s):

• On Tuesday, October 29th, James Blackie sold 587 shares of ON24 stock. The stock was sold at an average price of $6.50, for a total value of $3,815.50.
• On Monday, September 9th, James Blackie sold 1,901 shares of ON24 stock. The stock was sold at an average price of $5.91, for a total value of $11,234.91.
• On Thursday, September 5th, James Blackie sold 2,238 shares of ON24 stock. The shares were sold at an average price of $6.16, for a total transaction of $13,786.08.
• On Tuesday, September 3rd, James Blackie sold 4,376 shares of ON24 stock. The shares were sold at an average price of $6.35, for a total transaction of $27,787.60.

ON24 Stock Up 1.1 %

NYSE ONTF opened at $6.58 on Friday. The company has a fifty day moving average of $6.18 and a two-hundred day moving average of $6.17. The firm has a market capitalization of $273.27 million, a price-to-earnings ratio of -6.39 and a beta of 0.46. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.35.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of ON24 in a report on Friday. JPMorgan Chase & Co. cut their target price on shares of ON24 from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ONTF. GSA Capital Partners LLP boosted its stake in ON24 by 18.3% during the first quarter. GSA Capital Partners LLP now owns 81,771 shares of the company’s stock worth $584,000 after buying an additional 12,676 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in ON24 during the first quarter worth $461,000. Vanguard Group Inc. boosted its stake in ON24 by 2.1% during the first quarter. Vanguard Group Inc. now owns 2,443,583 shares of the company’s stock worth $17,447,000 after buying an additional 49,498 shares during the period. Acadian Asset Management LLC boosted its stake in shares of ON24 by 856.5% during the first quarter. Acadian Asset Management LLC now owns 469,544 shares of the company’s stock valued at $3,351,000 after purchasing an additional 420,455 shares during the period. Finally, Quadrature Capital Ltd boosted its stake in shares of ON24 by 8.9% during the first quarter. Quadrature Capital Ltd now owns 29,353 shares of the company’s stock valued at $209,000 after purchasing an additional 2,401 shares during the period. 83.93% of the stock is owned by hedge funds and other institutional investors.

About ON24

ON24, Inc provides a cloud-based intelligent engagement platform that enables businesses to convert customer engagement into revenue through interactive webinar, virtual event, and multimedia content experiences worldwide. The company provides ON24 Elite, for live and interactive webinar experience; ON24 Breakouts, for live breakout room experience that facilitates networking, collaboration, and interactivity between users; ON24 Forums, for live and interactive experience, which facilitates video-to-video interaction between presenters and audiences; ON24 Go Live, for live and interactive video event experience that enables presenters and attendees to engage face-to-face in real-time; and ON24 Virtual Confrence, for live and large scale managed virtual event experience.