ON24, Inc. (NYSE:ONTF) CRO Sells $23,025.42 in Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 3,609 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.38, for a total value of $23,025.42. Following the completion of the transaction, the executive now directly owns 405,910 shares in the company, valued at $2,589,705.80. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, February 10th, James Blackie sold 1,572 shares of ON24 stock. The shares were 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 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.

ON24 Stock Performance

NYSE:ONTF traded down $0.24 during trading hours on Friday, reaching $6.12. The stock had a trading volume of 113,357 shares, compared to its average volume of 92,258. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.28. The company has a 50 day moving average price of $6.63 and a two-hundred day moving average price of $6.41. The stock has a market capitalization of $254.70 million, a PE ratio of -5.88 and a beta of 0.52.

Institutional Trading of ON24

A number of large investors have recently added to or reduced their stakes in ONTF. JPMorgan Chase & Co. increased its stake in ON24 by 43.5% in the 4th quarter. JPMorgan Chase & Co. now owns 821,461 shares of the company’s stock worth $5,307,000 after acquiring an additional 249,045 shares during the last quarter. Bridgeway Capital Management LLC increased its position in shares of ON24 by 50.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 363,948 shares of the company’s stock valued at $2,351,000 after purchasing an additional 122,700 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in ON24 during the 4th quarter valued at $777,000. P.A.W. Capital Corp purchased a new position in ON24 during the 4th quarter valued at $484,000. Finally, Norges Bank purchased a new position in ON24 during the 4th quarter valued at $428,000. Institutional investors own 83.93% of the company’s stock.

Analysts Set New Price Targets

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

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.