Insider Selling: ON24, Inc. (NYSE:ONTF) CRO Sells $55,680.00 in Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 8,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $6.96, for a total value of $55,680.00. Following the completion of the transaction, the executive now directly owns 405,352 shares of the company’s stock, valued at approximately $2,821,249.92. The trade was a 1.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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.
• 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.
• 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 stock was sold at an average price of $6.50, for a total value of $3,815.50.

ON24 Price Performance

NYSE ONTF opened at $6.47 on Friday. The firm has a market cap of $269.48 million, a P/E ratio of -6.22 and a beta of 0.51. The stock’s 50-day moving average is $6.47 and its two-hundred day moving average is $6.21. ON24, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $8.35.

Institutional Investors Weigh In On ON24

A number of large investors have recently added to or reduced their stakes in ONTF. Barclays PLC boosted its stake in ON24 by 48.7% during 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 during the period. Jane Street Group LLC boosted its position 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 acquiring an additional 29,148 shares during the period. FMR LLC grew its stake in shares of ON24 by 45.0% in 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. Gladius Capital Management LP increased its position in 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 period. Finally, SG Americas Securities LLC acquired a new position in ON24 during the 3rd quarter valued at $62,000. Institutional investors own 83.93% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “hold” rating on shares of ON24 in a research note on Friday, November 8th.

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.