ON24, Inc. (NYSE:ONTF) CRO James Blackie Sells 8,000 Shares

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 8,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $6.96, for a total transaction of $55,680.00. Following the completion of the transaction, the executive now owns 405,352 shares in the company, valued at approximately $2,821,249.92. The trade was a 1.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 stock was sold at an average price of $6.63, for a total value of $23,742.03.
• On Wednesday, November 20th, James Blackie sold 4,649 shares of ON24 stock. The stock was sold at an average price of $6.29, for a total value of $29,242.21.
• On Wednesday, November 6th, James Blackie sold 2,291 shares of ON24 stock. The shares were sold at an average price of $6.51, for a total transaction of $14,914.41.
• On Tuesday, October 29th, James Blackie sold 587 shares of ON24 stock. The stock was sold at an average price of $6.50, for a total transaction of $3,815.50.

ON24 Stock Down 2.5 %

Shares of NYSE:ONTF opened at $6.51 on Thursday. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.35. The stock’s 50 day moving average is $6.45 and its 200-day moving average is $6.21. The firm has a market capitalization of $271.15 million, a price-to-earnings ratio of -6.26 and a beta of 0.51.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “hold” rating on shares of ON24 in a research report on Friday, November 8th.

Institutional Trading of ON24

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC increased its position in shares of ON24 by 19.2% during the second quarter. Acadian Asset Management LLC now owns 559,602 shares of the company’s stock worth $3,362,000 after acquiring an additional 90,058 shares in the last quarter. Renaissance Technologies LLC boosted its stake in ON24 by 12.9% during the 2nd quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock valued at $4,366,000 after purchasing an additional 83,000 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in ON24 by 8.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company’s stock worth $395,000 after purchasing an additional 5,337 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of ON24 by 19.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after purchasing an additional 2,158 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of ON24 in the third quarter valued at approximately $62,000. 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.