Lake Lp Lynrock Buys 38,022 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF - Get Free Report) major shareholder Lake Lp Lynrock acquired 38,022 shares of the stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $5.56 per share, for a total transaction of $211,402.32. Following the completion of the transaction, the insider now owns 7,507,386 shares in the company, valued at approximately $41,741,066.16. This represents a 0.51 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% 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 Wednesday, March 12th, Lake Lp Lynrock acquired 38,022 shares of ON24 stock. The shares were acquired at an average price of $5.75 per share, with a total value of $218,626.50.
• On Friday, March 7th, Lake Lp Lynrock purchased 27,921 shares of ON24 stock. The stock was bought at an average cost of $5.81 per share, with a total value of $162,221.01.
• On Wednesday, March 5th, Lake Lp Lynrock acquired 27,921 shares of ON24 stock. The shares were bought at an average cost of $5.64 per share, for a total transaction of $157,474.44.
• On Monday, March 3rd, Lake Lp Lynrock bought 27,921 shares of ON24 stock. The stock was bought at an average price of $5.57 per share, with a total value of $155,519.97.

ON24 Stock Performance

Shares of ON24 stock traded down $0.14 during midday trading on Thursday, reaching $5.60. 191,688 shares of the company's stock traded hands, compared to its average volume of 139,985. ON24, Inc. has a 52 week low of $5.37 and a 52 week high of $7.38. The company's 50 day simple moving average is $6.39 and its 200 day simple moving average is $6.37. The company has a market cap of $233.20 million, a price-to-earnings ratio of -5.38 and a beta of 0.55.

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Hedge Funds Weigh In On ON24

A number of institutional investors have recently modified their holdings of the company. Barclays PLC grew its stake in ON24 by 48.7% in the 3rd quarter. Barclays PLC now owns 101,837 shares of the company's stock valued at $624,000 after buying an additional 33,352 shares during the last quarter. Jane Street Group LLC boosted its holdings in ON24 by 91.2% during the third quarter. Jane Street Group LLC now owns 61,122 shares of the company's stock valued at $374,000 after acquiring an additional 29,148 shares during the period. P.A.W. Capital Corp acquired a new stake in shares of ON24 in the fourth quarter valued at about $484,000. FMR LLC increased its stake in shares of ON24 by 45.0% in the third quarter. FMR LLC now owns 27,483 shares of the company's stock worth $168,000 after purchasing an additional 8,528 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of ON24 by 38.1% during the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company's stock worth $91,000 after purchasing an additional 3,891 shares during the last quarter. Institutional investors own 83.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ONTF shares. William Blair reaffirmed a "market perform" rating on shares of ON24 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. dropped their target price on ON24 from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of ON24 in a report on Wednesday, February 26th.

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.