Key Points
- ON24 CRO James Blackie sold 16,000 shares on Dec. 30 at an average of $7.96 for $127,360, leaving him with 478,861 shares (a 3.23% reduction) after multiple other insider sales in November–December.
- ON24 beat quarterly estimates with $0.03 EPS and $34.6M revenue but still shows a negative net margin (-22.09%) and negative ROE; management set FY2025 EPS guidance of $0.05–0.06 while analysts maintain a consensus "Reduce" rating and $7.40 price target.
ON24, Inc. (NYSE:ONTF - Get Free Report) CRO James Blackie sold 16,000 shares of the firm's stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $7.96, for a total value of $127,360.00. Following the completion of the sale, the executive owned 478,861 shares in the company, valued at approximately $3,811,733.56. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
James Blackie also recently made the following trade(s):
- 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 value of $61,982.66.
- On Monday, December 1st, James Blackie sold 11,599 shares of ON24 stock. The shares were sold at an average price of $5.70, for a total value of $66,114.30.
- On Thursday, November 20th, James Blackie sold 4,659 shares of ON24 stock. The stock was sold at an average price of $5.30, for a total value of $24,692.70.
ON24 Stock Up 0.1%
Shares of ONTF opened at $7.97 on Friday. The company has a market capitalization of $336.76 million, a price-to-earnings ratio of -10.76 and a beta of 0.61. ON24, Inc. has a 52-week low of $4.35 and a 52-week high of $8.10. The stock has a 50 day moving average price of $5.80 and a 200 day moving average price of $5.55.
ON24 (NYSE:ONTF - Get Free Report) last released its quarterly earnings data on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. ON24 had a negative net margin of 22.09% and a negative return on equity of 18.61%. The company had revenue of $34.60 million for the quarter, compared to analysts' expectations of $33.87 million. ON24 has set its FY 2025 guidance at 0.050-0.060 EPS and its Q4 2025 guidance at 0.010-0.020 EPS. On average, equities analysts anticipate that ON24, Inc. will post -0.81 EPS for the current fiscal year.
Wall Street Analyst Weigh In
ONTF has been the topic of several research reports. Wall Street Zen raised ON24 from a "hold" rating to a "buy" rating in a report on Saturday, November 15th. Robert W. Baird raised their price target on ON24 from $6.00 to $8.10 and gave the stock a "neutral" rating in a research note on Friday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of ON24 in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group boosted their price objective on ON24 from $6.00 to $8.10 and gave the company a "hold" rating in a research note on Wednesday. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $7.40.
View Our Latest Analysis on ONTF
Institutional Investors Weigh In On ON24
Hedge funds have recently modified their holdings of the stock. Nuveen LLC purchased a new position in ON24 in the 1st quarter valued at $357,000. American Century Companies Inc. boosted its holdings in shares of ON24 by 32.6% in the first quarter. American Century Companies Inc. now owns 41,333 shares of the company's stock valued at $215,000 after acquiring an additional 10,171 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of ON24 by 78.9% in the first quarter. Cubist Systematic Strategies LLC now owns 66,434 shares of the company's stock valued at $345,000 after acquiring an additional 29,290 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of ON24 by 15.9% during the first quarter. AQR Capital Management LLC now owns 21,741 shares of the company's stock worth $113,000 after acquiring an additional 2,989 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in ON24 by 3.9% during the first quarter. Goldman Sachs Group Inc. now owns 188,836 shares of the company's stock worth $982,000 after purchasing an additional 7,139 shares in the last quarter. 83.93% of the stock is owned by institutional investors and hedge funds.
About ON24
(
Get Free Report)
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.
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