James Blackie Sells 3,609 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 3,609 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.38, for a total transaction of $23,025.42. Following the completion of the transaction, the executive now directly owns 405,910 shares of the company’s stock, valued at approximately $2,589,705.80. This represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 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.

ON24 Stock Performance

Shares of ON24 stock opened at $6.12 on Friday. ON24, Inc. has a 52-week low of $5.37 and a 52-week high of $8.28. The company has a fifty day moving average of $6.63 and a 200-day moving average of $6.42. The stock has a market capitalization of $254.69 million, a price-to-earnings ratio of -5.88 and a beta of 0.52.

Institutional Trading of ON24

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of ON24 during the third quarter valued at approximately $62,000. Squarepoint Ops LLC increased its stake in shares of ON24 by 56.6% in the fourth quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock worth $102,000 after buying an additional 5,713 shares during the period. Wells Fargo & Company MN raised its holdings in ON24 by 25.6% during the 4th quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock valued at $112,000 after buying an additional 3,518 shares during the last quarter. Gladius Capital Management LP boosted its position in ON24 by 151.2% during the 3rd quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock valued at $140,000 after buying an additional 13,755 shares during the period. Finally, R Squared Ltd bought a new stake in ON24 in the 4th quarter worth $153,000. 83.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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.