ON24, Inc. (NYSE:ONTF – Get Free Report) major shareholder Lake Lp Lynrock purchased 38,022 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $5.75 per share, with a total value of $218,626.50. Following the purchase, the insider now directly owns 7,583,430 shares of the company’s stock, valued at approximately $43,604,722.50. The trade was a 0.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Lake Lp Lynrock also recently made the following trade(s):
- On Monday, March 10th, Lake Lp Lynrock acquired 38,022 shares of ON24 stock. The stock was acquired at an average price of $5.56 per share, with a total value of $211,402.32.
- On Friday, March 7th, Lake Lp Lynrock bought 27,921 shares of ON24 stock. The shares were bought at an average price of $5.81 per share, for a total transaction of $162,221.01.
- On Wednesday, March 5th, Lake Lp Lynrock purchased 27,921 shares of ON24 stock. The stock was bought at an average price of $5.64 per share, with a total value of $157,474.44.
- On Monday, March 3rd, Lake Lp Lynrock acquired 27,921 shares of ON24 stock. The shares were bought at an average price of $5.57 per share, for a total transaction of $155,519.97.
ON24 Price Performance
Shares of ON24 stock opened at $5.86 on Friday. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $7.38. The company’s fifty day simple moving average is $6.38 and its 200-day simple moving average is $6.37. The stock has a market capitalization of $244.03 million, a PE ratio of -5.63 and a beta of 0.55.
Institutional Trading of ON24
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ONTF. William Blair reiterated a “market perform” rating on shares of ON24 in a research note on Wednesday, February 26th. Needham & Company LLC reissued a “hold” rating on shares of ON24 in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price target on ON24 from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th.
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.
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