James Blackie Sells 8,000 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $6.96, for a total transaction of $55,680.00. Following the transaction, the executive now directly owns 405,352 shares in the company, valued at $2,821,249.92. The trade was a 1.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction 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 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 value of $29,242.21.
• On Wednesday, November 6th, James Blackie sold 2,291 shares of ON24 stock. The stock was sold at an average price of $6.51, for a total transaction of $14,914.41.
• On Tuesday, October 29th, James Blackie sold 587 shares of ON24 stock. The stock was sold at an average price of $6.50, for a total value of $3,815.50.

ON24 Price Performance

Shares of NYSE ONTF traded down $0.17 during mid-day trading on Wednesday, hitting $6.51. The company had a trading volume of 194,739 shares, compared to its average volume of 170,847. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $8.35. The firm has a market cap of $271.15 million, a P/E ratio of -6.26 and a beta of 0.51. The business’s 50-day simple moving average is $6.45 and its 200-day simple moving average is $6.21.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “hold” rating on shares of ON24 in a research note on Friday, November 8th.

Institutional Trading of ON24

A number of hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC lifted its position in ON24 by 19.2% in the second quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock worth $3,362,000 after purchasing an additional 90,058 shares during the period. Renaissance Technologies LLC raised its holdings in shares of ON24 by 12.9% in the 2nd quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after buying an additional 83,000 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in ON24 by 8.8% during the second quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company’s stock worth $395,000 after acquiring an additional 5,337 shares in the last quarter. The Manufacturers Life Insurance Company lifted 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 valued at $81,000 after acquiring an additional 2,158 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of ON24 in the 3rd quarter valued at $62,000. Institutional investors own 83.93% of the company’s stock.

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.