ON24, Inc. (NYSE:ONTF - Get Free Report) major shareholder Lake Lp Lynrock purchased 38,022 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average price of $5.79 per share, for a total transaction of $220,147.38. Following the completion of the acquisition, the insider now owns 7,659,474 shares of the company's stock, valued at $44,348,354.46. The trade was a 0.50 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's stock 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 bought 38,022 shares of ON24 stock. The shares were purchased at an average cost of $5.75 per share, for a total transaction of $218,626.50.
- On Monday, March 10th, Lake Lp Lynrock bought 38,022 shares of ON24 stock. The stock was acquired at an average cost of $5.56 per share, with a total value of $211,402.32.
- On Friday, March 7th, Lake Lp Lynrock purchased 27,921 shares of ON24 stock. The shares were acquired at an average price of $5.81 per share, for a total transaction of $162,221.01.
- On Wednesday, March 5th, Lake Lp Lynrock bought 27,921 shares of ON24 stock. The shares were acquired at an average price of $5.64 per share, for a total transaction of $157,474.44.
- On Monday, March 3rd, Lake Lp Lynrock purchased 27,921 shares of ON24 stock. The shares were bought at an average price of $5.57 per share, with a total value of $155,519.97.
ON24 Price Performance
Shares of ONTF traded up $0.12 during trading hours on Friday, hitting $5.50. The company's stock had a trading volume of 255,614 shares, compared to its average volume of 139,102. The company has a market cap of $232.66 million, a price-to-earnings ratio of -5.29 and a beta of 0.55. The business has a 50 day simple moving average of $6.27 and a two-hundred day simple moving average of $6.33. ON24, Inc. has a 52-week low of $5.22 and a 52-week high of $7.38.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on ONTF shares. William Blair reiterated a "market perform" rating on shares of ON24 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. decreased their target price on ON24 from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of ON24 in a research report on Wednesday, February 26th.
Check Out Our Latest Analysis on ONTF
Institutional Investors Weigh In On ON24
Several institutional investors have recently made changes to their positions in ONTF. FMR LLC lifted its holdings in ON24 by 45.0% during the 3rd quarter. FMR LLC now owns 27,483 shares of the company's stock worth $168,000 after purchasing an additional 8,528 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of ON24 by 91.2% in the third quarter. Jane Street Group LLC now owns 61,122 shares of the company's stock worth $374,000 after buying an additional 29,148 shares in the last quarter. Barclays PLC boosted 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 period. SG Americas Securities LLC boosted its position in shares of ON24 by 38.1% in the fourth 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. Finally, R Squared Ltd purchased a new position in ON24 during the fourth quarter valued at approximately $153,000. Hedge funds and other institutional investors own 83.93% of the company's stock.
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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