ON24, Inc. (NYSE:ONTF) CRO James Blackie Sells 1,572 Shares

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 1,572 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $6.85, for a total value of $10,768.20. Following the transaction, the executive now directly owns 411,124 shares in the company, valued at $2,816,199.40. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value of $55,680.00.
• 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 stock was sold at an average price of $6.29, for a total transaction of $29,242.21.

ON24 Trading Down 1.0 %

NYSE ONTF opened at $6.72 on Wednesday. The firm’s fifty day moving average price is $6.65 and its two-hundred day moving average price is $6.39. 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 $279.68 million, a P/E ratio of -6.46 and a beta of 0.52.

Institutional Investors Weigh In On ON24

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of ON24 during the 3rd quarter worth approximately $62,000. Marshall Wace LLP bought a new position in ON24 during the second quarter worth $72,000. The Manufacturers Life Insurance Company lifted its stake in shares of ON24 by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after buying an additional 2,158 shares during the last quarter. Gladius Capital Management LP boosted its holdings in shares of ON24 by 151.2% during the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after buying an additional 13,755 shares during the period. Finally, R Squared Ltd bought a new stake in shares of ON24 during the fourth quarter worth approximately $153,000. 83.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.