ON24, Inc. (NYSE:ONTF - Get Free Report) CRO James Blackie sold 2,291 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $6.51, for a total transaction of $14,914.41. Following the transaction, the executive now directly owns 425,836 shares in the company, valued at approximately $2,772,192.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
James Blackie also recently made the following trade(s):
- On Tuesday, October 29th, James Blackie sold 587 shares of ON24 stock. The shares were sold at an average price of $6.50, for a total transaction of $3,815.50.
- 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 transaction of $11,234.91.
- On Thursday, September 5th, James Blackie sold 2,238 shares of ON24 stock. The stock was sold at an average price of $6.16, for a total transaction 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 transaction of $27,787.60.
ON24 Trading Up 1.1 %
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Shares of ONTF opened at $6.58 on Friday. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $8.35. The firm's 50-day moving average price is $6.18 and its 200-day moving average price is $6.18. The firm has a market capitalization of $273.27 million, a price-to-earnings ratio of -6.39 and a beta of 0.46.
ON24 (NYSE:ONTF - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $36.31 million. On average, research analysts forecast that ON24, Inc. will post -0.73 EPS for the current fiscal year.
Hedge Funds Weigh In On ON24
A number of institutional investors have recently bought and sold shares of ONTF. SG Americas Securities LLC purchased a new stake in ON24 in the third quarter worth about $62,000. Marshall Wace LLP purchased a new stake in shares of ON24 during the second quarter valued at approximately $72,000. The Manufacturers Life Insurance Company grew its holdings in shares of ON24 by 19.1% during the second quarter. The Manufacturers Life Insurance Company now owns 13,477 shares of the company's stock valued at $81,000 after buying an additional 2,158 shares during the last quarter. Gladius Capital Management LP grew its holdings in shares of ON24 by 151.2% during the third quarter. Gladius Capital Management LP now owns 22,854 shares of the company's stock valued at $140,000 after buying an additional 13,755 shares during the last quarter. Finally, Quadrature Capital Ltd grew its holdings in shares of ON24 by 8.9% during the first quarter. Quadrature Capital Ltd now owns 29,353 shares of the company's stock valued at $209,000 after buying an additional 2,401 shares during the last quarter. 83.93% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of ON24 in a report on Friday. JPMorgan Chase & Co. cut their price target on shares of ON24 from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th.
View Our Latest Analysis 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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