ON24, Inc. (NYSE:ONTF - Get Free Report) CRO James Blackie sold 1,901 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $5.91, for a total transaction of $11,234.91. Following the transaction, the executive now directly owns 427,176 shares in the company, valued at approximately $2,524,610.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
James Blackie also recently made the following trade(s):
- On Thursday, September 5th, James Blackie sold 2,238 shares of ON24 stock. The shares were sold at an average price of $6.16, for a total value of $13,786.08.
- On Tuesday, September 3rd, James Blackie sold 4,376 shares of ON24 stock. The stock was sold at an average price of $6.35, for a total value of $27,787.60.
ON24 Trading Down 1.2 %
Shares of ON24 stock opened at $5.84 on Tuesday. ON24, Inc. has a twelve month low of $5.37 and a twelve month high of $8.35. The stock has a market capitalization of $242.54 million, a price-to-earnings ratio of -5.62 and a beta of 0.47. The business's 50 day simple moving average is $6.21 and its 200-day simple moving average is $6.39.
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ON24 (NYSE:ONTF - Get Free Report) last issued its earnings results 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). ON24 had a negative return on equity of 21.81% and a negative net margin of 28.14%. The company had revenue of $37.35 million during the quarter, compared to analyst estimates of $36.31 million. Sell-side analysts predict that ON24, Inc. will post -0.73 earnings per share for the current year.
Institutional Trading of ON24
Several hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of ON24 by 19.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company's stock valued at $81,000 after purchasing an additional 2,158 shares during the period. Quadrature Capital Ltd grew its holdings in ON24 by 8.9% in the 1st quarter. Quadrature Capital Ltd now owns 29,353 shares of the company's stock worth $209,000 after buying an additional 2,401 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in ON24 by 8.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company's stock valued at $395,000 after acquiring an additional 5,337 shares during the period. Marshall Wace LLP bought a new stake in ON24 during the 2nd quarter valued at $72,000. Finally, Bank of New York Mellon Corp boosted its position in ON24 by 14.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company's stock worth $590,000 after acquiring an additional 12,400 shares during the period. 83.93% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on ON24 from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Needham & Company LLC restated a "hold" rating on shares of ON24 in a research report on Wednesday, August 7th.
Read Our Latest Report on ONTF
About ON24
(
Get Free Report)
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.
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