ON24, Inc. (NYSE:ONTF - Get Free Report) 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 sale, the executive now directly owns 405,910 shares in the company, valued at approximately $2,589,705.80. This represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
James Blackie also recently made the following trade(s):
- On Monday, February 10th, James Blackie sold 1,572 shares of ON24 stock. The stock was sold at an average price of $6.85, for a total value of $10,768.20.
- 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 value 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 value of $42,307.56.
- On Monday, December 2nd, James Blackie sold 3,581 shares of ON24 stock. The shares were sold at an average price of $6.63, for a total value of $23,742.03.
ON24 Price Performance
NYSE:ONTF traded down $0.24 during trading hours on Wednesday, reaching $5.80. The company had a trading volume of 169,479 shares, compared to its average volume of 97,172. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $7.48. The business's 50 day moving average price is $6.60 and its 200-day moving average price is $6.42. The firm has a market cap of $241.58 million, a PE ratio of -5.58 and a beta of 0.52.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. William Blair restated a "market perform" rating on shares of ON24 in a research note on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of ON24 from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of ON24 in a research report on Wednesday.
Get Our Latest Analysis on ON24
Hedge Funds Weigh In On ON24
Several institutional investors have recently made changes to their positions in ONTF. Charles Schwab Investment Management Inc. grew its position in ON24 by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 285,071 shares of the company's stock valued at $1,842,000 after buying an additional 2,189 shares during the period. Wells Fargo & Company MN boosted its stake in shares of ON24 by 25.6% during the 4th quarter. Wells Fargo & Company MN now owns 17,270 shares of the company's stock worth $112,000 after acquiring an additional 3,518 shares in the last quarter. SG Americas Securities LLC grew 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 valued at $91,000 after acquiring an additional 3,891 shares during the period. Squarepoint Ops LLC increased its stake in shares of ON24 by 56.6% in the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company's stock valued at $102,000 after purchasing an additional 5,713 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of ON24 by 18.6% in the 4th quarter. Bank of America Corp DE now owns 47,999 shares of the company's stock valued at $310,000 after purchasing an additional 7,531 shares in the last quarter. 83.93% of the stock is owned by hedge funds and other institutional investors.
About ON24
(
Get Free Report)
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.
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