ON24, Inc. (NYSE:ONTF - Get Free Report) major shareholder Lake Lp Lynrock purchased 38,022 shares of the business's stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $5.79 per share, for a total transaction of $220,147.38. Following the purchase, the insider now owns 7,659,474 shares in the company, valued at $44,348,354.46. This trade represents a 0.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Lake Lp Lynrock also recently made the following trade(s):
- On Wednesday, March 12th, Lake Lp Lynrock acquired 38,022 shares of ON24 stock. The stock was bought at an average price of $5.75 per share, with a total value of $218,626.50.
- On Monday, March 10th, Lake Lp Lynrock bought 38,022 shares of ON24 stock. The shares were bought at an average price of $5.56 per share, for a total transaction of $211,402.32.
- On Friday, March 7th, Lake Lp Lynrock purchased 27,921 shares of ON24 stock. The stock was bought at an average cost of $5.81 per share, with a total value of $162,221.01.
- On Wednesday, March 5th, Lake Lp Lynrock acquired 27,921 shares of ON24 stock. The shares were purchased at an average cost of $5.64 per share, for a total transaction of $157,474.44.
- On Monday, March 3rd, Lake Lp Lynrock bought 27,921 shares of ON24 stock. The stock was purchased at an average cost of $5.57 per share, with a total value of $155,519.97.
ON24 Stock Down 1.3 %
Shares of NYSE:ONTF opened at $5.51 on Wednesday. The firm has a market cap of $229.29 million, a price-to-earnings ratio of -5.29 and a beta of 0.55. ON24, Inc. has a 12 month low of $5.37 and a 12 month high of $7.38. The company's fifty day simple moving average is $6.33 and its 200 day simple moving average is $6.35.
Hedge Funds Weigh In On ON24
A number of large investors have recently added to or reduced their stakes in ONTF. Charles Schwab Investment Management Inc. boosted its position in shares of ON24 by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 285,071 shares of the company's stock worth $1,842,000 after buying an additional 2,189 shares during the period. Wells Fargo & Company MN raised its position in ON24 by 25.6% in the 4th quarter. Wells Fargo & Company MN now owns 17,270 shares of the company's stock valued at $112,000 after buying an additional 3,518 shares during the last quarter. SG Americas Securities LLC lifted its stake in ON24 by 38.1% in the 4th quarter. SG Americas Securities LLC now owns 14,092 shares of the company's stock valued at $91,000 after acquiring an additional 3,891 shares in the last quarter. Squarepoint Ops LLC boosted its position in ON24 by 56.6% during the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company's stock worth $102,000 after acquiring an additional 5,713 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of ON24 by 18.6% during the 4th quarter. Bank of America Corp DE now owns 47,999 shares of the company's stock worth $310,000 after acquiring an additional 7,531 shares in the last quarter. Institutional investors own 83.93% of the company's stock.
Wall Street Analyst Weigh In
ONTF has been the subject of a number of recent analyst reports. William Blair restated a "market perform" rating on shares of ON24 in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "hold" rating on shares of ON24 in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price objective on ON24 from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th.
View Our Latest Research 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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