Lake Lp Lynrock Purchases 27,921 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) major shareholder Lake Lp Lynrock purchased 27,921 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $5.57 per share, for a total transaction of $155,519.97. Following the purchase, the insider now owns 7,357,680 shares in the company, valued at approximately $40,982,277.60. The trade was a 0.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Lake Lp Lynrock also recently made the following trade(s):

• On Wednesday, March 5th, Lake Lp Lynrock bought 27,921 shares of ON24 stock. The shares were purchased at an average cost of $5.64 per share, with a total value of $157,474.44.

ON24 Stock Up 0.1 %

ON24 stock opened at $5.75 on Friday. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $7.38. The firm has a market cap of $239.28 million, a price-to-earnings ratio of -5.52 and a beta of 0.55. The business’s 50-day moving average price is $6.47 and its 200 day moving average price is $6.39.

Analysts Set New Price Targets

ONTF has been the subject of a number of recent research reports. William Blair reissued a “market perform” rating on shares of ON24 in a research report on Wednesday, February 26th. Needham & Company LLC reissued a “hold” rating on shares of ON24 in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of ON24 from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th.

Institutional Investors Weigh In On ON24

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in ON24 by 38.1% during the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock worth $91,000 after buying an additional 3,891 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of ON24 by 56.6% in the fourth quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock worth $102,000 after acquiring an additional 5,713 shares during the period. Wells Fargo & Company MN boosted its stake in shares of ON24 by 25.6% during the 4th quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock worth $112,000 after acquiring an additional 3,518 shares in the last quarter. Gladius Capital Management LP grew its position in shares of ON24 by 151.2% during the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after acquiring an additional 13,755 shares during the period. Finally, R Squared Ltd purchased a new position in shares of ON24 in the 4th quarter valued at about $153,000. Institutional investors and hedge funds 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.