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

ON24, Inc. (NYSE:ONTF - Get Free Report) CRO James Blackie sold 3,609 shares of the company's stock in a transaction 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 in the company, valued at $2,589,705.80. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 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 shares were 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.

ON24 Stock Performance

Shares of NYSE ONTF traded down $0.01 during mid-day trading on Tuesday, reaching $6.09. 135,459 shares of the company traded hands, compared to its average volume of 95,166. The company's fifty day moving average is $6.62 and its two-hundred day moving average is $6.42. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $7.48. The stock has a market cap of $253.45 million, a PE ratio of -5.85 and a beta of 0.52.

ON24 (NYSE:ONTF - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.22). ON24 had a negative net margin of 28.63% and a negative return on equity of 23.10%. Research analysts forecast that ON24, Inc. will post -0.81 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in ON24 by 1.6% during the fourth quarter. Federated Hermes Inc. now owns 1,167,713 shares of the company's stock valued at $7,543,000 after acquiring an additional 18,372 shares during the period. JPMorgan Chase & Co. boosted its stake in ON24 by 43.5% during the 4th quarter. JPMorgan Chase & Co. now owns 821,461 shares of the company's stock valued at $5,307,000 after purchasing an additional 249,045 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in ON24 by 15.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 490,086 shares of the company's stock valued at $3,166,000 after buying an additional 66,022 shares during the last quarter. Horrell Capital Management Inc. grew its holdings in ON24 by 15.9% in the 4th quarter. Horrell Capital Management Inc. now owns 394,196 shares of the company's stock valued at $2,547,000 after buying an additional 54,000 shares during the last quarter. Finally, Circumference Group LLC increased its position in ON24 by 15.9% in the 4th quarter. Circumference Group LLC now owns 394,196 shares of the company's stock worth $2,547,000 after buying an additional 54,000 shares during the period. Institutional investors own 83.93% of the company's stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of ON24 in a research note 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.