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

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 3,609 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.38, for a total value of $23,025.42. Following the transaction, the executive now owns 405,910 shares of the company’s stock, valued at approximately $2,589,705.80. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, February 10th, James Blackie sold 1,572 shares of ON24 stock. The shares were 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 shares were 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 Trading Down 3.7 %

ONTF opened at $6.12 on Friday. ON24, Inc. has a 12-month low of $5.37 and a 12-month high of $8.28. The company has a market cap of $254.69 million, a price-to-earnings ratio of -5.88 and a beta of 0.52. The stock has a fifty day simple moving average of $6.63 and a two-hundred day simple moving average of $6.42.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ONTF. Charles Schwab Investment Management Inc. boosted its stake in ON24 by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 285,071 shares of the company’s stock worth $1,842,000 after acquiring an additional 2,189 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of ON24 by 25.6% during the fourth quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock valued at $112,000 after purchasing an additional 3,518 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of ON24 by 38.1% during the fourth quarter. SG Americas Securities LLC now owns 14,092 shares of the company’s stock valued at $91,000 after purchasing an additional 3,891 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of ON24 by 56.6% in the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock worth $102,000 after purchasing an additional 5,713 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of ON24 by 18.6% in the 4th quarter. Bank of America Corp DE now owns 47,999 shares of the company’s stock worth $310,000 after buying an additional 7,531 shares during the last quarter. 83.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.