ON24, Inc. (NYSE:ONTF) CRO James Blackie Sells 1,572 Shares

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 1,572 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $6.85, for a total value of $10,768.20. Following the completion of the transaction, the executive now owns 411,124 shares in the company, valued at $2,816,199.40. This represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, December 16th, James Blackie sold 8,000 shares of ON24 stock. The stock was 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 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 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 Price Performance

ONTF stock opened at $6.72 on Wednesday. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35. The firm has a 50-day moving average of $6.65 and a 200 day moving average of $6.39. The company has a market cap of $279.68 million, a P/E ratio of -6.46 and a beta of 0.52.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research note on Wednesday, January 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Horrell Capital Management Inc. lifted its stake in shares of 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 purchasing an additional 54,000 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in 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 in the last quarter. Barclays PLC lifted its position in ON24 by 48.7% during the third quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after buying an additional 33,352 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of ON24 by 13.6% during the 4th quarter. Bank of New York Mellon Corp now owns 85,356 shares of the company’s stock valued at $551,000 after buying an additional 10,192 shares in the last quarter. Finally, P.A.W. Capital Corp purchased a new stake in shares of ON24 in the 4th quarter worth about $484,000. Hedge funds and other institutional investors own 83.93% of the company’s stock.

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.