Lake Lp Lynrock Buys 38,022 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) major shareholder Lake Lp Lynrock purchased 38,022 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $5.56 per share, for a total transaction of $211,402.32. Following the completion of the purchase, the insider now owns 7,507,386 shares of the company’s stock, valued at approximately $41,741,066.16. This represents a 0.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major 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 Friday, March 7th, Lake Lp Lynrock purchased 27,921 shares of ON24 stock. The stock was acquired at an average cost of $5.81 per share, for a total transaction of $162,221.01.
• On Wednesday, March 5th, Lake Lp Lynrock purchased 27,921 shares of ON24 stock. The stock was acquired at an average cost 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 stock was acquired at an average cost of $5.57 per share, for a total transaction of $155,519.97.

ON24 Trading Up 3.0 %

ON24 stock opened at $5.67 on Wednesday. ON24, Inc. has a 12-month low of $5.37 and a 12-month high of $7.38. The stock has a market cap of $235.95 million, a P/E ratio of -5.45 and a beta of 0.55. The company has a 50-day moving average price of $6.42 and a 200 day moving average price of $6.38.

Institutional Investors Weigh In On ON24

Institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its position in shares of 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 acquiring an additional 33,352 shares during the last quarter. Jane Street Group LLC grew 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 valued at $374,000 after purchasing an additional 29,148 shares in the last quarter. P.A.W. Capital Corp acquired a new position in shares of ON24 in the fourth quarter valued at approximately $484,000. FMR LLC grew its holdings in shares of ON24 by 45.0% in the third quarter. FMR LLC now owns 27,483 shares of the company’s stock valued at $168,000 after purchasing an additional 8,528 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in ON24 by 38.1% in the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock worth $91,000 after acquiring an additional 3,891 shares during the last quarter. 83.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ONTF has been the topic of several research reports. Needham & Company LLC reissued a “hold” rating on shares of ON24 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut their price objective on shares of ON24 from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, William Blair restated a “market perform” rating on shares of ON24 in a research report on Wednesday, February 26th.

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.