James Blackie Sells 1,572 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 1,572 shares of ON24 stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $6.85, for a total transaction of $10,768.20. Following the completion of the sale, the executive now owns 411,124 shares in the company, valued at approximately $2,816,199.40. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, December 16th, James Blackie sold 8,000 shares of ON24 stock. The shares were sold at an average price of $6.96, for a total transaction of $55,680.00.
• On Wednesday, December 4th, James Blackie sold 6,324 shares of ON24 stock. The shares were sold at an average price of $6.69, for a total transaction of $42,307.56.
• On Monday, December 2nd, James Blackie sold 3,581 shares of ON24 stock. The shares were sold at an average price of $6.63, for a total transaction of $23,742.03.
• On Wednesday, November 20th, James Blackie sold 4,649 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total transaction of $29,242.21.

ON24 Price Performance

ON24 stock opened at $6.68 on Thursday. The company’s 50-day moving average price is $6.65 and its two-hundred day moving average price is $6.39. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.35.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “hold” rating on shares of ON24 in a research report on Wednesday, January 15th.

Hedge Funds Weigh In On ON24

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in ON24 during the 3rd quarter valued at about $62,000. Marshall Wace LLP acquired a new position in ON24 during the 2nd quarter valued at about $72,000. The Manufacturers Life Insurance Company increased its stake in ON24 by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after buying an additional 2,158 shares during the period. Gladius Capital Management LP grew its stake in shares of ON24 by 151.2% in the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after purchasing an additional 13,755 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of ON24 in the 4th quarter worth approximately $153,000. Institutional investors and hedge funds own 83.93% of the company’s stock.

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.