ON24, Inc. (NYSE:ONTF - Get Free Report) CRO James Blackie sold 16,767 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $5.54, for a total transaction of $92,889.18. Following the completion of the sale, the executive now directly owns 369,764 shares of the company's stock, valued at $2,048,492.56. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
James Blackie also recently made the following trade(s):
- On Thursday, March 6th, James Blackie sold 800 shares of ON24 stock. The shares were sold at an average price of $5.81, for a total value of $4,648.00.
- On Thursday, February 20th, James Blackie sold 3,609 shares of ON24 stock. The shares were sold at an average price of $6.38, for a total transaction of $23,025.42.
- 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 transaction 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.
ON24 Price Performance
NYSE:ONTF traded up $0.26 during trading hours on Friday, reaching $5.86. The company's stock had a trading volume of 259,663 shares, compared to its average volume of 140,503. The company has a market cap of $244.03 million, a price-to-earnings ratio of -5.63 and a beta of 0.55. The business's 50-day moving average is $6.38 and its 200-day moving average is $6.37. ON24, Inc. has a one year low of $5.37 and a one year high of $7.38.
Institutional Investors Weigh In On ON24
Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of ON24 by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 285,071 shares of the company's stock worth $1,842,000 after purchasing an additional 2,189 shares during the period. Wells Fargo & Company MN boosted its position 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 valued at $112,000 after acquiring an additional 3,518 shares in the last quarter. SG Americas Securities LLC raised 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 worth $91,000 after buying an additional 3,891 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of ON24 by 56.6% during the fourth quarter. Squarepoint Ops LLC now owns 15,804 shares of the company's stock valued at $102,000 after acquiring an additional 5,713 shares during the period. Finally, Bank of America Corp DE raised its position in 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 during the last quarter. Institutional investors own 83.93% of the company's stock.
Analysts Set New Price Targets
Several analysts have issued reports on ONTF shares. William Blair restated a "market perform" rating on shares of ON24 in a report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price target on shares of ON24 from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of ON24 in a research note on Wednesday, February 26th.
View Our Latest Analysis on ON24
ON24 Company Profile
(
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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