Key Points
- ON CEO Martin Hoffmann sold 4,150 shares on April 27 at an average price of $35.84 for $148,736 under a pre‑arranged Rule 10b5-1 plan, leaving him with 1,385,099 shares (a 0.30% ownership decrease) valued at about $49.64M.
- The April 27 sale is part of a series of identical insider sales (five trades of 4,150 shares each since March 23), totaling 20,750 shares and roughly $746K, indicating a steady pre‑planned divestment rather than a one‑off sale.
- ON stock is trading in the mid‑$30s (opened $35.47), with a 50‑day MA of $38.72, a market cap of $22.63B, and an average analyst target of $58.40 (MarketBeat: "Moderate Buy").
On Holding AG (NYSE:ONON - Get Free Report) CEO Martin Hoffmann sold 4,150 shares of the firm's stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $35.84, for a total value of $148,736.00. Following the completion of the transaction, the chief executive officer directly owned 1,385,099 shares of the company's stock, valued at $49,641,948.16. The trade was a 0.30% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Martin Hoffmann also recently made the following trade(s):
- On Monday, April 20th, Martin Hoffmann sold 4,150 shares of ON stock. The shares were sold at an average price of $36.56, for a total value of $151,724.00.
- On Monday, April 13th, Martin Hoffmann sold 4,150 shares of ON stock. The shares were sold at an average price of $33.95, for a total value of $140,892.50.
- On Monday, April 6th, Martin Hoffmann sold 4,150 shares of ON stock. The stock was sold at an average price of $33.58, for a total value of $139,357.00.
- 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 value of $165,128.50.
ON Stock Performance
ON stock opened at $35.47 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.71. The stock has a fifty day moving average of $38.72 and a two-hundred day moving average of $42.32. The company has a market capitalization of $22.63 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 0.73 and a beta of 2.23. On Holding AG has a fifty-two week low of $31.41 and a fifty-two week high of $61.29.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of ONON. Caitlin John LLC purchased a new stake in shares of ON during the fourth quarter worth about $25,000. Cullen Frost Bankers Inc. increased its position in shares of ON by 639.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 540 shares of the company's stock worth $25,000 after acquiring an additional 467 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of ON during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd increased its position in shares of ON by 555.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 701 shares of the company's stock worth $33,000 after acquiring an additional 594 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of ON by 109.9% during the fourth quarter. TD Private Client Wealth LLC now owns 804 shares of the company's stock worth $37,000 after acquiring an additional 421 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on ONON. UBS Group reaffirmed a "buy" rating on shares of ON in a research report on Thursday, February 19th. Telsey Advisory Group reduced their target price on ON from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, March 25th. BTIG Research reiterated a "buy" rating and issued a $70.00 target price on shares of ON in a report on Tuesday, March 3rd. KeyCorp reiterated an "overweight" rating on shares of ON in a report on Wednesday, March 4th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of ON in a report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, ON has an average rating of "Moderate Buy" and an average target price of $58.40.
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About ON
(
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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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