James Blackie Sells 6,324 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 6,324 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $6.69, for a total value of $42,307.56. Following the completion of the transaction, the executive now directly owns 408,473 shares in the company, valued at $2,732,684.37. This represents a 1.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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.
• 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 transaction 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 shares were sold at an average price of $6.50, for a total transaction of $3,815.50.
• On Monday, September 9th, James Blackie sold 1,901 shares of ON24 stock. The shares were sold at an average price of $5.91, for a total transaction of $11,234.91.
• On Thursday, September 5th, James Blackie sold 2,238 shares of ON24 stock. The shares were sold at an average price of $6.16, for a total transaction of $13,786.08.

ON24 Trading Down 1.2 %

NYSE ONTF opened at $6.57 on Friday. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $8.35. The company has a market capitalization of $273.65 million, a PE ratio of -6.32 and a beta of 0.51. The firm’s fifty day simple moving average is $6.31 and its 200-day simple moving average is $6.16.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On ON24

A number of hedge funds have recently modified their holdings of the stock. Barclays PLC increased its stake in shares of ON24 by 48.7% in the third quarter. Barclays PLC now owns 101,837 shares of the company’s stock worth $624,000 after acquiring an additional 33,352 shares during the last quarter. Jane Street Group LLC increased its position in ON24 by 91.2% during 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 during the last quarter. FMR LLC increased its position in ON24 by 45.0% during the third quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after buying an additional 8,528 shares during the last quarter. Gladius Capital Management LP increased its position in ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company’s stock worth $140,000 after buying an additional 13,755 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in ON24 during the third quarter worth $62,000. 83.93% of the stock is owned by institutional investors and hedge funds.

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.