ON24 (NYSE:ONTF) CRO James Blackie Sells 20,277 Shares of Stock

ON24, Inc. (NYSE:ONTF) CRO James Blackie sold 20,277 shares of ON24 stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $8.01, for a total transaction of $162,418.77. Following the sale, the executive owned 484,052 shares in the company, valued at approximately $3,877,256.52. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, February 10th, James Blackie sold 240 shares of ON24 stock. The stock was sold at an average price of $7.93, for a total transaction of $1,903.20.
• On Tuesday, December 30th, James Blackie sold 16,000 shares of ON24 stock. The shares were sold at an average price of $7.96, for a total transaction of $127,360.00.
• On Tuesday, December 2nd, James Blackie sold 10,951 shares of ON24 stock. The stock was sold at an average price of $5.66, for a total transaction of $61,982.66.

ON24 Stock Up 0.1%

Shares of ON24 stock opened at $8.02 on Tuesday. The stock has a market cap of $342.09 million, a price-to-earnings ratio of -11.79 and a beta of 0.61. ON24, Inc. has a twelve month low of $4.35 and a twelve month high of $8.10. The company’s fifty day moving average is $7.75 and its 200 day moving average is $6.35.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ONTF shares. Robert W. Baird increased their price target on ON24 from $6.00 to $8.10 and gave the company a “neutral” rating in a research note on Friday, January 2nd. Wall Street Zen upgraded ON24 from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Canaccord Genuity Group raised their price target on shares of ON24 from $6.00 to $8.10 and gave the stock a “hold” rating in a report on Wednesday, December 31st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of ON24 in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $8.10.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ONTF. Nisa Investment Advisors LLC boosted its stake in ON24 by 139.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,852 shares of the company’s stock worth $39,000 after acquiring an additional 2,825 shares in the last quarter. Meteora Capital LLC bought a new stake in ON24 in the fourth quarter valued at $48,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of ON24 during the third quarter valued at about $60,000. PNC Financial Services Group Inc. raised its holdings in shares of ON24 by 132.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,614 shares of the company’s stock valued at $61,000 after purchasing an additional 4,334 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of ON24 during the 3rd quarter worth about $61,000. Institutional investors and hedge funds own 83.93% of the company’s stock.

About ON24

ON24, Inc (NYSE: ONTF) is a cloud-based digital experience platform that enables organizations to create, manage and optimize virtual events, webinars and multimedia content. The company’s technology is designed to facilitate interactive, data-driven engagement between enterprises and their audiences, supporting demand generation, lead nurturing, corporate communications and training initiatives.

At the core of ON24’s offering is its webinar and virtual event solution, which provides live and on-demand webcasting, attendee interaction tools and real-time analytics.