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

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 1,572 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $6.85, for a total value of $10,768.20. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 value 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 value 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 value 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 value of $29,242.21.

ON24 Trading Down 1.0 %

Shares of NYSE ONTF traded down $0.07 during mid-day trading on Tuesday, reaching $6.72. 130,757 shares of the company’s stock were exchanged, compared to its average volume of 95,050. The firm has a market capitalization of $279.68 million, a price-to-earnings ratio of -6.46 and a beta of 0.52. The business has a fifty day simple moving average of $6.65 and a 200 day simple moving average of $6.39. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.35.

Institutional Investors Weigh In On ON24

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

Wall Street Analyst Weigh In

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

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.