ON24, Inc. (NYSE:ONTF) CRO James Blackie sells 2,238 shares

ON24, Inc. (NYSE:ONTF – Get Your Free Report ) CRO James Blackie sold 2,238 shares of ON24 stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $6.16, for a total value of $13,786.08. Following the completion of the sale, the director now directly owns 430,956 shares in the company, valued at approximately $2,654,688.96. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website.

James Blackie also recently made the following trades:

• On Monday, September 9th, James Blackie sold 1,901 shares of ON24 stock. The stock was sold at an average price of $5.91, for a total value of $11,234.91.
• On Tuesday, September 3rd, James Blackie sold 4,376 shares of ON24 stock. The shares were sold at an average price of $6.35, for a total value of $27,787.60.

ON24 stock performance

Shares of NYSE ONTF opened at $5.84 on Tuesday. The stock has a 50-day moving average price of $6.21 and a 200-day moving average price of $6.39. The stock has a market cap of $242.54 million, a PE ratio of -5.62 and a beta of 0.47. ON24, Inc. it has a 52 week low of $5.37 and a 52 week high of $8.35.

ON24 (NYSE:ONTF – Get Your Free Report ) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.10). The firm had revenue of $37.35 million for the quarter, compared to analyst estimates of $36.31 million. ON24 had a negative return on equity of 21.81% and a negative net margin of 28.14%. As a group, research analysts forecast that ON24, Inc. will post -0.73 EPS for the current year.

Changes in Analyst Ratings

Several brokerages have recently weighed in on ONTF. Needham & Company LLC reaffirmed a “hold” rating on shares of ON24 in a research note on Wednesday, August 7th. JPMorgan Chase & Co. cut their price target on shares of ON24 from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

Get the latest analysis on ON24

Institutional trading of ON24

Several institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its stake in ON24 by 856.5% in the first quarter. Acadian Asset Management LLC now owns 469,544 shares of the company’s stock worth $3,351,000 after acquiring an additional 420,455 shares during the period. Circumference Group LLC purchased a new stake in ON24 during the 4th quarter valued at $2,303,000. Los Angeles Capital Management LLC boosted its position in ON24 by 413.1% in the first quarter. Los Angeles Capital Management LLC now owns 244,032 shares of the company’s stock worth $1,742,000 after buying an additional 196,472 shares during the period. Horrell Capital Management Inc. boosted its holdings in shares of ON24 by 32.5% in the first quarter. Horrell Capital Management Inc. now owns 387,196 shares of the company’s stock valued at $2,765,000 after buying an additional 95,000 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of ON24 by 12.9% in the second quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock valued at $4,366,000 after buying an additional 83,000 shares during the period. Institutional investors own 83.93% of the company’s shares.

About ON24

(Get a free report)

ON24, Inc provides an intelligent cloud-based engagement platform that enables businesses to turn customer engagement into revenue through interactive webinars, virtual events and multimedia content experiences around the world. The company offers ON24 Elite, for live and interactive webinar experience; ON24 Breakouts, for a live workspace experience that facilitates networking, collaboration and interactivity between users; ON24 Forums, for live and interactive experience, facilitating video-to-video interaction between presenters and audience; ON24 Go Live, for a live and interactive video event experience that allows presenters and attendees to engage face-to-face in real time; and ON24 Virtual Confrence, for live and large-scale managed virtual event experience.

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