Insider Selling: ON24, Inc. (NYSE:ONTF) CRO Sells $23,025.42 in Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 3,609 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.38, for a total value of $23,025.42. Following the sale, the executive now directly owns 405,910 shares of the company’s stock, valued at approximately $2,589,705.80. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 stock was 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 stock was 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 value of $23,742.03.

ON24 Stock Down 3.7 %

Shares of ONTF stock opened at $6.12 on Monday. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $8.28. The company’s fifty day simple moving average is $6.63 and its 200-day simple moving average is $6.42. The firm has a market cap of $254.69 million, a PE ratio of -5.88 and a beta of 0.52.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On ON24

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its holdings in shares of ON24 by 1.6% in the 4th quarter. Federated Hermes Inc. now owns 1,167,713 shares of the company’s stock valued at $7,543,000 after acquiring an additional 18,372 shares in the last quarter. JPMorgan Chase & Co. grew its stake in ON24 by 43.5% in the fourth quarter. JPMorgan Chase & Co. now owns 821,461 shares of the company’s stock valued at $5,307,000 after purchasing an additional 249,045 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of ON24 by 15.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 490,086 shares of the company’s stock worth $3,166,000 after purchasing an additional 66,022 shares during the last quarter. Horrell Capital Management Inc. increased its position in shares of ON24 by 15.9% during the 4th quarter. Horrell Capital Management Inc. now owns 394,196 shares of the company’s stock worth $2,547,000 after purchasing an additional 54,000 shares during the last quarter. Finally, Circumference Group LLC raised its stake in shares of ON24 by 15.9% during the 4th quarter. Circumference Group LLC now owns 394,196 shares of the company’s stock worth $2,547,000 after purchasing an additional 54,000 shares in the last quarter. 83.93% of the stock is owned by institutional investors.

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.