On24 sees significant stock purchases by Lynrock Lake LP totaling $759,480

Published 11/06/2025, 03:00
On24 sees significant stock purchases by Lynrock Lake LP totaling $759,480

ON24 Inc. (NYSE:ONTF) recently witnessed a substantial increase in stock acquisition by Lynrock Lake LP, a significant shareholder. According to the latest SEC Form 4 filing, Lynrock Lake LP purchased a total of 135,667 shares of ON24, with transactions occurring on June 6, June 9, and June 10, 2025. The company, currently valued at $242 million, maintains a strong financial position with more cash than debt and receives a "Fair" overall health score from InvestingPro. The purchases were made at a price range between $5.57 and $5.65 per share, amounting to a total value of approximately $759,480.

The shares were acquired indirectly by the Lynrock Lake Master Fund LP, managed by Lynrock Lake LP and Lynrock Lake Partners LLC, with Cynthia Paul serving as the Chief Investment Officer. Post-transaction, the fund’s total holdings in ON24 rose to 8,260,424 shares.

These transactions indicate a continued interest and confidence by Lynrock Lake LP in ON24’s potential, as reflected in their increased stake in the company.

In other recent news, ON24 reported its first-quarter 2025 financial results, showing mixed outcomes. The company recorded a revenue of $34.7 million, slightly surpassing the forecast of $34.28 million. However, the earnings per share (EPS) came in at -$0.01, missing the expected $0.02. Despite these results, ON24 maintained positive free cash flow for the fifth consecutive quarter. The company is expanding its AI capabilities and customer base, aiming to improve its financial performance. In another development, ON24 appointed David Lee as the new Chief Marketing Officer to enhance its AI engagement platform. This strategic move is part of ON24’s efforts to strengthen its market position. Additionally, the company’s leadership expressed optimism about future profitability, although they acknowledged ongoing macroeconomic uncertainties that could impact projections.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.