ON24, Inc. (NYSE:ONTF) CRO Sells $20,802.60 in Stock

ON24, Inc. (NYSE:ONTFGet Free Report) CRO James Blackie sold 3,276 shares of ON24 stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $6.35, for a total transaction of $20,802.60. Following the transaction, the executive now directly owns 457,443 shares of the company’s stock, valued at $2,904,763.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Wednesday, May 22nd, James Blackie sold 15,000 shares of ON24 stock. The shares were sold at an average price of $6.33, for a total transaction of $94,950.00.

ON24 Stock Performance

Shares of ONTF stock traded down $0.02 during trading hours on Thursday, reaching $6.25. The company had a trading volume of 11,837 shares, compared to its average volume of 213,526. The business has a fifty day moving average price of $6.76 and a 200-day moving average price of $7.16. ON24, Inc. has a one year low of $5.73 and a one year high of $9.09.

ON24 (NYSE:ONTFGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.25). The business had revenue of $39.34 million during the quarter, compared to analysts’ expectations of $37.29 million. ON24 had a negative return on equity of 19.97% and a negative net margin of 28.35%. During the same period in the previous year, the business posted ($0.23) EPS. As a group, equities research analysts expect that ON24, Inc. will post -0.63 earnings per share for the current year.

Hedge Funds Weigh In On ON24

A number of institutional investors and hedge funds have recently made changes to their positions in ONTF. Quadrature Capital Ltd lifted its holdings in ON24 by 8.9% during the first quarter. Quadrature Capital Ltd now owns 29,353 shares of the company’s stock valued at $209,000 after purchasing an additional 2,401 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of ON24 by 856.5% in the first quarter. Acadian Asset Management LLC now owns 469,544 shares of the company’s stock worth $3,351,000 after buying an additional 420,455 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of ON24 by 2.1% in the first quarter. Vanguard Group Inc. now owns 2,443,583 shares of the company’s stock worth $17,447,000 after buying an additional 49,498 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in ON24 in the first quarter worth $461,000. Finally, GSA Capital Partners LLP increased its position in ON24 by 18.3% in the first quarter. GSA Capital Partners LLP now owns 81,771 shares of the company’s stock worth $584,000 after purchasing an additional 12,676 shares during the last quarter. Hedge funds and other institutional investors own 83.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ONTF. Canaccord Genuity Group reduced their price objective on shares of ON24 from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Needham & Company LLC restated a “hold” rating on shares of ON24 in a research note on Friday, May 17th.

Read Our Latest Analysis on ONTF

About ON24

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for ON24 (NYSE:ONTF)

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