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

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 1,572 shares of the business’s stock in a transaction dated 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 sale, the executive now directly owns 411,124 shares of the company’s stock, valued at approximately $2,816,199.40. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 shares were 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 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 shares were sold at an average price of $6.29, for a total value of $29,242.21.

ON24 Stock Performance

NYSE:ONTF traded down $0.07 during trading hours on Tuesday, reaching $6.72. The company’s stock had a trading volume of 130,757 shares, compared to its average volume of 95,050. The stock has a 50 day moving average price of $6.65 and a two-hundred day moving average price of $6.39. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $8.35. The company has a market capitalization of $279.68 million, a P/E ratio of -6.46 and a beta of 0.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Horrell Capital Management Inc. raised its position in shares of ON24 by 15.9% during the 4th quarter. Horrell Capital Management Inc. now owns 394,196 shares of the company’s stock worth $2,547,000 after purchasing an additional 54,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in ON24 by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 285,071 shares of the company’s stock worth $1,842,000 after buying an additional 2,189 shares in the last quarter. Barclays PLC raised its holdings in shares of ON24 by 48.7% in the 3rd quarter. Barclays PLC now owns 101,837 shares of the company’s stock valued at $624,000 after purchasing an additional 33,352 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of ON24 by 13.6% in 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 during the last quarter. Finally, P.A.W. Capital Corp purchased a new position in shares of ON24 in the 4th quarter valued at $484,000. 83.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

About ON24

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.