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

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 6,324 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $6.69, for a total transaction of $42,307.56. Following the transaction, the executive now directly owns 408,473 shares of the company’s stock, valued at approximately $2,732,684.37. This trade represents a 1.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was 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 Stock Performance

Shares of ONTF opened at $6.65 on Thursday. The company’s 50 day simple moving average is $6.31 and its 200-day simple moving average is $6.16. ON24, Inc. has a 12-month low of $5.37 and a 12-month high of $8.35.

Hedge Funds Weigh In On ON24

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of ON24 during the third quarter worth approximately $62,000. Marshall Wace LLP purchased a new position in shares of ON24 during the second quarter worth approximately $72,000. The Manufacturers Life Insurance Company grew its position in shares of ON24 by 19.1% during the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company’s stock worth $81,000 after acquiring an additional 2,158 shares during the last quarter. Gladius Capital Management LP grew its position in shares of 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 acquiring an additional 13,755 shares during the last quarter. Finally, FMR LLC grew its position in shares of ON24 by 45.0% during the third quarter. FMR LLC now owns 27,483 shares of the company’s stock worth $168,000 after acquiring an additional 8,528 shares during the last quarter. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of ON24 in a research note on Friday, November 8th. JPMorgan Chase & Co. reduced their target price on shares of ON24 from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

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.