Key Points
- Martin Hoffmann, ON's CEO, sold 4,150 shares on April 6 at an average price of $33.58 for $139,357; he now directly owns 1,397,549 shares (~$46.93M), a 0.30% decrease, and the transaction was filed with the SEC under a pre-arranged Rule 10b5-1 plan.
- Hoffmann also sold 4,150 shares on March 23 at $39.79 for $165,128.50, showing multiple recent insider sales.
- ON shares are trading below key moving averages (50-day $41.48, 200-day $43.12) with a 12‑month range of $31.41–$61.29; the company has a $20.61B market cap and an average analyst target of $59.24 (consensus "Moderate Buy").
On Holding AG (NYSE:ONON - Get Free Report) CEO Martin Hoffmann sold 4,150 shares of ON stock in a transaction on Monday, April 6th. The stock was sold at an average price of $33.58, for a total transaction of $139,357.00. Following the completion of the transaction, the chief executive officer directly owned 1,397,549 shares in the company, valued at $46,929,695.42. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Martin Hoffmann also recently made the following trade(s):
- On Monday, March 23rd, Martin Hoffmann sold 4,150 shares of ON stock. The stock was sold at an average price of $39.79, for a total transaction of $165,128.50.
ON Price Performance
NYSE ONON opened at $32.29 on Wednesday. The firm's fifty day simple moving average is $41.48 and its two-hundred day simple moving average is $43.12. The company has a current ratio of 2.71, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. On Holding AG has a 12-month low of $31.41 and a 12-month high of $61.29. The firm has a market capitalization of $20.61 billion, a P/E ratio of 44.85, a P/E/G ratio of 0.66 and a beta of 2.23.
Analysts Set New Price Targets
ONON has been the subject of several research reports. Stifel Nicolaus set a $58.00 price objective on shares of ON in a research note on Tuesday, March 3rd. Needham & Company LLC reiterated a "buy" rating and set a $52.00 price objective on shares of ON in a research note on Thursday, February 26th. Evercore set a $58.00 price objective on shares of ON and gave the stock an "outperform" rating in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a "sell (d+)" rating on shares of ON in a research note on Thursday, January 22nd. Finally, Barclays lowered their price objective on shares of ON from $60.00 to $57.00 and set an "overweight" rating for the company in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $59.24.
Get Our Latest Report on ON
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ONON. Cullen Frost Bankers Inc. lifted its position in ON by 639.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 540 shares of the company's stock valued at $25,000 after purchasing an additional 467 shares during the period. Caitlin John LLC acquired a new position in ON during the fourth quarter valued at $25,000. MidAtlantic Capital Management Inc. acquired a new position in ON during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its position in ON by 555.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 701 shares of the company's stock valued at $33,000 after purchasing an additional 594 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in ON by 109.9% during the fourth quarter. TD Private Client Wealth LLC now owns 804 shares of the company's stock valued at $37,000 after purchasing an additional 421 shares during the period. 36.39% of the stock is currently owned by institutional investors and hedge funds.
About ON
(
Get Free Report)
On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.
On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.
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