ON24, Inc. (NYSE:ONTF) CRO Sells $92,889.18 in Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 16,767 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $5.54, for a total transaction of $92,889.18. Following the completion of the sale, the executive now owns 369,764 shares of the company’s stock, valued at approximately $2,048,492.56. This represents a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, March 6th, James Blackie sold 800 shares of ON24 stock. The shares were 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 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 stock was sold at an average price of $6.96, for a total transaction of $55,680.00.

ON24 Stock Performance

Shares of NYSE ONTF traded down $0.23 during midday trading on Monday, reaching $5.52. The company’s stock had a trading volume of 210,857 shares, compared to its average volume of 139,993. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $7.38. The business’s 50 day moving average price is $6.44 and its two-hundred day moving average price is $6.39. The company has a market cap of $229.71 million, a P/E ratio of -5.30 and a beta of 0.55.

Institutional Investors Weigh In On ON24

A number of hedge funds and other institutional investors have recently made changes to their positions in ONTF. 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 in the last quarter. FMR LLC raised its position in shares of 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 buying an additional 8,528 shares in the last quarter. Jane Street Group LLC raised its position in shares of ON24 by 91.2% in the third quarter. Jane Street Group LLC now owns 61,122 shares of the company’s stock valued at $374,000 after buying an additional 29,148 shares in the last quarter. Barclays PLC raised its position in shares of ON24 by 48.7% in the third quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after buying an additional 33,352 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of 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 buying an additional 3,891 shares in the last quarter. 83.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. William Blair reaffirmed a “market perform” rating on shares of ON24 in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. decreased their target price on ON24 from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th.

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.