Insider Selling: ON24, Inc. (NYSE:ONTF) CRO Sells 1,572 Shares of Stock

ON24, Inc. (NYSE:ONTF - Get Free Report) CRO James Blackie sold 1,572 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $6.85, for a total transaction of $10,768.20. Following the sale, the executive now owns 411,124 shares in the company, valued at $2,816,199.40. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, December 16th, James Blackie sold 8,000 shares of ON24 stock. The shares were 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 stock was sold at an average price of $6.69, for a total transaction 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 transaction 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.

ON24 Stock Down 0.1 %

ONTF traded down $0.01 during trading hours on Friday, hitting $6.93. 50,023 shares of the company's stock were exchanged, compared to its average volume of 86,864. The stock has a market cap of $288.43 million, a price-to-earnings ratio of -6.66 and a beta of 0.52. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $8.35. The stock's 50-day moving average is $6.67 and its two-hundred day moving average is $6.40.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On ON24

A number of large investors have recently modified their holdings of the business. Barclays PLC increased its position in shares of ON24 by 48.7% in the third quarter. Barclays PLC now owns 101,837 shares of the company's stock valued at $624,000 after acquiring an additional 33,352 shares during the last quarter. Jane Street Group LLC boosted its position 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 purchasing an additional 29,148 shares during the last quarter. FMR LLC grew its stake in ON24 by 45.0% in the third quarter. FMR LLC now owns 27,483 shares of the company's stock valued at $168,000 after purchasing an additional 8,528 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of ON24 by 8.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company's stock worth $395,000 after purchasing an additional 5,337 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of ON24 by 38.1% in the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company's stock valued at $91,000 after buying an additional 3,891 shares during the last quarter. 83.93% of the stock is currently owned by institutional investors and hedge funds.

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.