ON24, Inc. (NYSE:ONTF) CRO James Blackie Sells 8,000 Shares

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 8,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $6.96, for a total transaction of $55,680.00. Following the completion of the transaction, the executive now owns 405,352 shares of the company’s stock, valued at approximately $2,821,249.92. This trade represents a 1.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, December 4th, James Blackie sold 6,324 shares of ON24 stock. The shares were sold at an average price of $6.69, for a total value of $42,307.56.
• On Monday, December 2nd, James Blackie sold 3,581 shares of ON24 stock. The stock was sold at an average price of $6.63, for a total value of $23,742.03.
• On Wednesday, November 20th, James Blackie sold 4,649 shares of ON24 stock. The shares were sold at an average price of $6.29, for a total value of $29,242.21.
• 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.

ON24 Price Performance

Shares of NYSE:ONTF opened at $6.50 on Friday. The business’s 50 day moving average price is $6.46 and its 200-day moving average price is $6.21. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35. The firm has a market capitalization of $270.73 million, a PE ratio of -6.25 and a beta of 0.51.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a “hold” rating on shares of ON24 in a research note on Friday, November 8th.

Institutional Investors Weigh In On ON24

Several institutional investors and hedge funds have recently added to or reduced their stakes in ONTF. SG Americas Securities LLC acquired a new stake in shares of ON24 in the third quarter valued at about $62,000. Marshall Wace LLP acquired a new position in ON24 during the second quarter worth about $72,000. The Manufacturers Life Insurance Company grew its stake in ON24 by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock valued at $81,000 after acquiring an additional 2,158 shares in the last quarter. Gladius Capital Management LP raised its holdings in ON24 by 151.2% in the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after acquiring an additional 13,755 shares during the last quarter. Finally, FMR LLC lifted its stake in ON24 by 45.0% in the 3rd quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after purchasing an additional 8,528 shares in the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

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.