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

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 1,572 shares of ON24 stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $6.85, for a total transaction of $10,768.20. Following the completion of the transaction, the executive now directly owns 411,124 shares in the company, valued at $2,816,199.40. This represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $55,680.00.
• On Wednesday, December 4th, James Blackie sold 6,324 shares of ON24 stock. The stock was 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 transaction 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 transaction of $29,242.21.

ON24 Stock Performance

ONTF stock opened at $6.68 on Thursday. The firm has a 50 day simple moving average of $6.65 and a 200 day simple moving average of $6.39. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $8.35.

Analyst Upgrades and Downgrades

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

Institutional Trading of ON24

Several institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of ON24 by 19.1% during the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after purchasing an additional 2,158 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in ON24 by 0.8% in the fourth 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. SG Americas Securities LLC lifted its stake in ON24 by 38.1% in the fourth 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. Cubist Systematic Strategies LLC lifted its stake in ON24 by 8.8% in the second quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company’s stock valued at $395,000 after acquiring an additional 5,337 shares during the last quarter. Finally, FMR LLC lifted its stake in ON24 by 45.0% in the third quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after acquiring an additional 8,528 shares during the last quarter. 83.93% of the stock is currently owned by institutional investors and hedge funds.

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.