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

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 16,767 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $5.54, for a total value of $92,889.18. Following the completion of the sale, the executive now owns 369,764 shares of the company’s stock, valued at $2,048,492.56. The trade was a 4.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 transaction 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 transaction 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 transaction 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 transaction of $55,680.00.

ON24 Trading Up 1.5 %

Shares of ONTF stock opened at $5.74 on Thursday. The business’s fifty day simple moving average is $6.41 and its 200-day simple moving average is $6.38. The company has a market cap of $238.87 million, a PE ratio of -5.51 and a beta of 0.55. ON24, Inc. has a 12-month low of $5.37 and a 12-month high of $7.38.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ONTF. William Blair reissued a “market perform” rating on shares of ON24 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on shares of ON24 from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of ON24 in a research note on Wednesday, February 26th.

Hedge Funds Weigh In On ON24

A number of large investors have recently made changes to their positions in ONTF. SG Americas Securities LLC increased its position in shares of ON24 by 38.1% during the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock worth $91,000 after purchasing an additional 3,891 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of ON24 by 56.6% during the fourth quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock worth $102,000 after purchasing an additional 5,713 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of ON24 by 25.6% during the fourth quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock valued at $112,000 after buying an additional 3,518 shares during the last quarter. Gladius Capital Management LP grew its holdings in shares of ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after buying an additional 13,755 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of ON24 during the fourth quarter valued at $153,000. 83.93% of the stock is owned by institutional investors and hedge funds.

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.