ON24, Inc. (NYSE:ONTF) CRO Sells $92,889.18 in Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 16,767 shares of ON24 stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $5.54, for a total value of $92,889.18. Following the completion of the transaction, the executive now owns 369,764 shares of the company’s stock, valued at approximately $2,048,492.56. This represents a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, March 6th, James Blackie sold 800 shares of ON24 stock. The stock was sold at an average price of $5.81, for a total value of $4,648.00.
• On Thursday, February 20th, James Blackie sold 3,609 shares of ON24 stock. The stock was sold at an average price of $6.38, for a total value of $23,025.42.
• On Monday, February 10th, James Blackie sold 1,572 shares of ON24 stock. The stock was sold at an average price of $6.85, for a total value of $10,768.20.
• On Monday, December 16th, James Blackie sold 8,000 shares of ON24 stock. The stock was sold at an average price of $6.96, for a total value of $55,680.00.

ON24 Price Performance

Shares of NYSE:ONTF opened at $5.74 on Thursday. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $7.38. The business has a 50 day simple moving average of $6.41 and a two-hundred day simple moving average of $6.38. The firm has a market capitalization of $238.87 million, a PE ratio of -5.51 and a beta of 0.55.

Analysts Set New Price Targets

Several research firms recently commented on ONTF. William Blair reiterated a “market perform” rating on shares of ON24 in a research report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their target price on ON24 from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, Needham & Company LLC restated a “hold” rating on shares of ON24 in a research report on Wednesday, February 26th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its position in shares of ON24 by 38.1% during the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock valued at $91,000 after buying an additional 3,891 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of ON24 by 56.6% in the fourth quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock valued at $102,000 after purchasing an additional 5,713 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of ON24 by 25.6% in the fourth quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock valued at $112,000 after purchasing an additional 3,518 shares during the period. Gladius Capital Management LP boosted its holdings in shares of ON24 by 151.2% in the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after purchasing an additional 13,755 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of ON24 in the fourth quarter valued at approximately $153,000. Hedge funds and other institutional investors own 83.93% of the company’s stock.

ON24 Company Profile

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.