James Blackie Sells 3,609 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 3,609 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.38, for a total transaction of $23,025.42. Following the completion of the sale, the executive now directly owns 405,910 shares in the company, valued at $2,589,705.80. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction 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 transaction 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 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.

ON24 Stock Performance

NYSE:ONTF opened at $6.12 on Friday. The company has a fifty day moving average of $6.63 and a two-hundred day moving average of $6.41. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $8.28.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On ON24

A number of hedge funds have recently modified their holdings of ONTF. SG Americas Securities LLC acquired a new stake in shares of ON24 in the third quarter valued at about $62,000. Squarepoint Ops LLC raised its position in shares of ON24 by 56.6% in the fourth quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock valued at $102,000 after buying an additional 5,713 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of ON24 by 25.6% in 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 raised its position in shares of ON24 by 151.2% in 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 acquired a new stake in shares of ON24 in the fourth quarter valued at about $153,000. 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.