ON24, Inc. (NYSE:ONTF) CRO Sells $29,242.21 in Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 4,649 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $6.29, for a total transaction of $29,242.21. Following the sale, the executive now owns 421,187 shares of the company’s stock, valued at $2,649,266.23. This trade represents a 1.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, November 6th, James Blackie sold 2,291 shares of ON24 stock. The shares were 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 transaction of $3,815.50.
• On Monday, September 9th, James Blackie sold 1,901 shares of ON24 stock. The stock was sold at an average price of $5.91, for a total value of $11,234.91.
• On Thursday, September 5th, James Blackie sold 2,238 shares of ON24 stock. The shares were sold at an average price of $6.16, for a total transaction of $13,786.08.
• On Tuesday, September 3rd, James Blackie sold 4,376 shares of ON24 stock. The shares were sold at an average price of $6.35, for a total transaction of $27,787.60.

ON24 Stock Performance

ON24 stock opened at $6.43 on Friday. The stock has a market cap of $267.82 million, a P/E ratio of -6.18 and a beta of 0.46. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $8.35. The firm’s fifty day moving average price is $6.25 and its 200-day moving average price is $6.15.

Analyst Ratings Changes

A number of brokerages recently issued reports on ONTF. Needham & Company LLC reissued a “hold” rating on shares of ON24 in a report on Friday, November 8th. JPMorgan Chase & Co. lowered their price target on shares of ON24 from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

Institutional Investors Weigh In On ON24

A number of large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its position in ON24 by 19.2% during the second quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock valued at $3,362,000 after buying an additional 90,058 shares during the period. Renaissance Technologies LLC lifted its stake in shares of ON24 by 12.9% in the 2nd quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock valued at $4,366,000 after acquiring an additional 83,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in ON24 by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 2,443,583 shares of the company’s stock valued at $17,447,000 after acquiring an additional 49,498 shares during the period. Cubist Systematic Strategies LLC grew its position in ON24 by 8.8% during the 2nd 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 during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in ON24 by 19.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after purchasing an additional 2,158 shares during the last quarter. Hedge funds and other 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.