ON24, Inc. (NYSE:ONTF) CRO James Blackie Sells 3,609 Shares of Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 3,609 shares of ON24 stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.38, for a total transaction of $23,025.42. Following the completion of the transaction, the executive now directly owns 405,910 shares of the company’s stock, valued at $2,589,705.80. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, February 10th, James Blackie sold 1,572 shares of ON24 stock. The stock was sold at an average price of $6.85, for a total transaction of $10,768.20.
• On Monday, December 16th, James Blackie sold 8,000 shares of ON24 stock. The stock was sold at an average price of $6.96, for a total transaction of $55,680.00.
• On Wednesday, December 4th, James Blackie sold 6,324 shares of ON24 stock. The stock was sold at an average price of $6.69, for a total transaction 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 transaction of $23,742.03.

ON24 Stock Performance

NYSE:ONTF opened at $6.12 on Friday. ON24, Inc. has a one year low of $5.37 and a one year high of $8.28. The firm has a 50-day simple moving average of $6.63 and a 200-day simple moving average of $6.41.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On ON24

Several large investors have recently modified their holdings of ONTF. SG Americas Securities LLC bought a new stake in shares of ON24 in the 3rd quarter valued at about $62,000. Squarepoint Ops LLC raised its stake in shares of ON24 by 56.6% during the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock worth $102,000 after acquiring an additional 5,713 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of ON24 by 25.6% during the 4th quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock worth $112,000 after acquiring an additional 3,518 shares in the last quarter. Gladius Capital Management LP raised its stake in shares of ON24 by 151.2% during the 3rd 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 in the last quarter. Finally, R Squared Ltd purchased a new stake in ON24 during the 4th quarter worth approximately $153,000. 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.