ON24, Inc. (NYSE:ONTF) CRO James Blackie Sells 16,767 Shares of Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 16,767 shares of the 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 transaction, the executive now directly owns 369,764 shares in the company, valued at approximately $2,048,492.56. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 $5.52 on Tuesday. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $7.38. The company has a market cap of $229.71 million, a price-to-earnings ratio of -5.30 and a beta of 0.55. The stock’s 50-day moving average is $6.44 and its two-hundred day moving average is $6.39.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of ON24 by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 285,071 shares of the company’s stock valued at $1,842,000 after acquiring an additional 2,189 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of ON24 by 25.6% in the 4th quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock valued at $112,000 after acquiring an additional 3,518 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of ON24 by 38.1% in the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock valued at $91,000 after acquiring an additional 3,891 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of ON24 by 56.6% in the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock valued at $102,000 after acquiring an additional 5,713 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of ON24 by 18.6% in the 4th quarter. Bank of America Corp DE now owns 47,999 shares of the company’s stock valued at $310,000 after acquiring an additional 7,531 shares during the last quarter. Hedge funds and other institutional investors own 83.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of ON24 in a report on Wednesday, February 26th. William Blair restated a “market perform” rating on shares of ON24 in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price target on ON24 from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th.

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.