Barclays PLC Boosts Position in ON24, Inc. (NYSE:ONTF)

Barclays PLC raised its holdings in shares of ON24, Inc. (NYSE:ONTF) by 48.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,837 shares of the company’s stock after buying an additional 33,352 shares during the period. Barclays PLC owned about 0.24% of ON24 worth $624,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of ON24 by 14.5% in the second quarter. Bank of New York Mellon Corp now owns 98,089 shares of the company’s stock worth $590,000 after buying an additional 12,400 shares during the period. Dimensional Fund Advisors LP lifted its position in ON24 by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,469,318 shares of the company’s stock worth $8,830,000 after acquiring an additional 22,577 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in ON24 by 12.9% in the 2nd quarter. Renaissance Technologies LLC now owns 726,434 shares of the company’s stock worth $4,366,000 after acquiring an additional 83,000 shares during the period. Marshall Wace LLP acquired a new stake in ON24 in the second quarter valued at approximately $72,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of ON24 by 8.8% during the second quarter. Cubist Systematic Strategies LLC now owns 65,690 shares of the company’s stock valued at $395,000 after purchasing an additional 5,337 shares during the period. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

ON24 Stock Performance

Shares of NYSE ONTF opened at $6.46 on Friday. The firm has a market cap of $268.85 million, a price-to-earnings ratio of -6.21 and a beta of 0.50. ON24, Inc. has a 1 year low of $5.37 and a 1 year high of $8.35. The stock’s 50-day simple moving average is $6.56 and its 200-day simple moving average is $6.32.

Insiders Place Their Bets

In other ON24 news, insider Sharat Sharan sold 36,189 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $6.20, for a total transaction of $224,371.80. Following the completion of the transaction, the insider now directly owns 3,113,728 shares of the company’s stock, valued at $19,305,113.60. This trade represents a 1.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO James Blackie sold 4,649 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $6.29, for a total transaction of $29,242.21. Following the completion of the sale, the executive now owns 421,187 shares in the company, valued at approximately $2,649,266.23. This trade represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 148,365 shares of company stock worth $972,996 in the last three months. 32.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “hold” rating on shares of ON24 in a research note on Wednesday.

ON24 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.