Insider Selling: ON24, Inc. (NYSE:ONTF) CRO Sells 8,000 Shares of Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 8,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $6.96, for a total transaction of $55,680.00. Following the transaction, the executive now directly owns 405,352 shares in the company, valued at $2,821,249.92. The trade was a 1.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 stock was sold at an average price of $6.63, for a total value of $23,742.03.
• On Wednesday, November 20th, James Blackie sold 4,649 shares of ON24 stock. The stock was sold at an average price of $6.29, for a total value of $29,242.21.
• On Wednesday, November 6th, James Blackie sold 2,291 shares of ON24 stock. The shares were sold at an average price of $6.51, for a total value of $14,914.41.
• 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.

ON24 Price Performance

Shares of NYSE ONTF opened at $6.51 on Thursday. The stock has a market capitalization of $271.15 million, a PE ratio of -6.26 and a beta of 0.51. ON24, Inc. has a one year low of $5.37 and a one year high of $8.35. The business’s fifty day moving average price is $6.45 and its 200-day moving average price is $6.21.

Institutional Investors Weigh In On ON24

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ONTF. Dimensional Fund Advisors LP increased its stake in shares of ON24 by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock worth $8,830,000 after purchasing an additional 22,577 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in ON24 by 12.9% in the 2nd quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after buying an additional 83,000 shares during the period. Acadian Asset Management LLC grew its stake in ON24 by 19.2% in the 2nd quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock valued at $3,362,000 after buying an additional 90,058 shares in the last quarter. Barclays PLC raised its holdings in ON24 by 48.7% during the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after acquiring an additional 33,352 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of ON24 by 14.5% during the second quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company’s stock worth $590,000 after acquiring an additional 12,400 shares in the last quarter. 83.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “hold” rating on shares of ON24 in a report on Friday, November 8th.

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.