ON24, Inc. (NYSE:ONTF – Get Free Report) CRO James Blackie sold 4,376 shares of ON24 stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $6.35, for a total value of $27,787.60. Following the sale, the executive now directly owns 437,161 shares in the company, valued at $2,775,972.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
ON24 Trading Down 3.9 %
Shares of ON24 stock opened at $5.91 on Friday. The company has a market cap of $247.42 million, a P/E ratio of -5.68 and a beta of 0.47. The business has a 50-day moving average price of $6.21 and a two-hundred day moving average price of $6.41. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $8.35.
ON24 (NYSE:ONTF – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported ($0.26) EPS 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 business had revenue of $37.35 million for the quarter, compared to analyst estimates of $36.31 million. Equities research analysts forecast that ON24, Inc. will post -0.73 EPS for the current fiscal year.
Institutional Trading of ON24
Analyst Upgrades and Downgrades
A number of research firms have commented on ONTF. JPMorgan Chase & Co. reduced their price target on ON24 from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Needham & Company LLC reissued a “hold” rating on shares of ON24 in a research report on Wednesday, August 7th.
Read Our Latest Analysis on ON24
About ON24
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.
Featured Articles
- Five stocks we like better than ON24
- What is Forex and How Does it Work?
- Is Merck Stock Undervalued After Its Colossal Earnings Growth?
- 3 Warren Buffett Stocks to Buy Now
- Top 5 ETFs for Every Investor: From Semiconductors to Defense
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Blade Air Mobility: This Under-the-Radar Stock Could Double Soon
Receive News & Ratings for ON24 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON24 and related companies with MarketBeat.com's FREE daily email newsletter.