Lake Lp Lynrock Purchases 27,921 Shares of ON24, Inc. (NYSE:ONTF) Stock

ON24, Inc. (NYSE:ONTF) major shareholder Lake Lp Lynrock acquired 27,921 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $5.64 per share, with a total value of $157,474.44. Following the acquisition, the insider now owns 7,413,522 shares of the company’s stock, valued at $41,812,264.08. This represents a 0.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Lake Lp Lynrock also recently made the following trade(s):

• On Monday, March 3rd, Lake Lp Lynrock bought 27,921 shares of ON24 stock. The stock was acquired at an average cost of $5.57 per share, for a total transaction of $155,519.97.

ON24 Price Performance

ONTF stock opened at $5.75 on Friday. ON24, Inc. has a 1-year low of $5.37 and a 1-year high of $7.38. The stock has a market capitalization of $239.28 million, a P/E ratio of -5.52 and a beta of 0.55. The business has a fifty day moving average price of $6.47 and a 200-day moving average price of $6.39.

Institutional Trading of ON24

A number of large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its position in ON24 by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 285,071 shares of the company’s stock worth $1,842,000 after purchasing an additional 2,189 shares during the period. Wells Fargo & Company MN increased its position in ON24 by 25.6% during the fourth quarter. Wells Fargo & Company MN now owns 17,270 shares of the company’s stock valued at $112,000 after acquiring an additional 3,518 shares during the last quarter. SG Americas Securities LLC lifted its holdings in ON24 by 38.1% in the fourth 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 during the period. Squarepoint Ops LLC grew its stake in shares of ON24 by 56.6% during the 4th quarter. Squarepoint Ops LLC now owns 15,804 shares of the company’s stock valued at $102,000 after purchasing an additional 5,713 shares during the period. Finally, Bank of America Corp DE increased its position 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 valued at $310,000 after purchasing an additional 7,531 shares during the last quarter. 83.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of ON24 in a report on Wednesday, February 26th. William Blair restated a “market perform” rating on shares of ON24 in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their target price on shares of ON24 from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th.

ON24 Company Profile

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.