Martin Hoffmann Sells 4,150 Shares of ON (NYSE:ONON) Stock

On Holding AG (NYSE:ONON) CEO Martin Hoffmann sold 4,150 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $39.79, for a total transaction of $165,128.50. Following the completion of the transaction, the chief executive officer directly owned 1,357,020 shares of the company’s stock, valued at approximately $53,995,825.80. This represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ON Stock Performance

ON stock opened at $32.10 on Friday. On Holding AG has a fifty-two week low of $32.05 and a fifty-two week high of $61.29. 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 market cap of $20.49 billion, a P/E ratio of 44.59, a price-to-earnings-growth ratio of 0.70 and a beta of 2.14. The firm’s fifty day moving average price is $43.48 and its 200-day moving average price is $43.73.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Telsey Advisory Group dropped their price target on ON from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday. KeyCorp reissued an “overweight” rating on shares of ON in a report on Wednesday, March 4th. Needham & Company LLC restated a “buy” rating and issued a $52.00 target price on shares of ON in a research report on Thursday, February 26th. Sanford C. Bernstein reiterated an “outperform” rating on shares of ON in a research report on Wednesday, March 4th. Finally, Evercore set a $58.00 price target on shares of ON and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.24.

Hedge Funds Weigh In On ON

Hedge funds have recently modified their holdings of the company. 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 holdings in ON by 639.7% during the 4th 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. MidAtlantic Capital Management Inc. bought a new position in ON during the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in ON by 555.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 701 shares of the company’s stock worth $33,000 after buying an additional 594 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in ON by 109.9% in the 4th quarter. TD Private Client Wealth LLC now owns 804 shares of the company’s stock worth $37,000 after buying an additional 421 shares during the period. Hedge funds and other institutional investors own 36.39% of the company’s stock.

More ON News

Here are the key news stories impacting ON this week:

• Positive Sentiment: Co‑founders David Allemann and Caspar Coppetti named co‑CEOs, which may preserve strategy and brand continuity and reduce disruption risk from the leadership change. BusinessWire announcement
• Positive Sentiment: Some sell‑side support remains: Telsey trimmed its target but kept an Outperform rating, signaling analysts still see medium‑term upside despite near‑term noise. Benzinga
• Neutral Sentiment: Investors are reassessing valuation after the co‑CEO move and a new CFO announcement; several pieces note this is a valuation/strategy reset rather than a fundamental collapse. Yahoo Finance valuation check
• Neutral Sentiment: ON is a trending, closely watched name with elevated volume and institutional interest — that attention amplifies intraday swings in either direction. Zacks trending note
• Negative Sentiment: Longtime CEO Martin Hoffmann stepped down (to an advisor role), a change that spooked investors concerned about near‑term execution amid slowing growth. CNBC
• Negative Sentiment: Johnson Fistel has opened an investigation into potential securities claims against On and its executives, introducing legal risk and added headline volatility. GlobeNewsWire
• Negative Sentiment: Bearish flows and insider timing: unusual put buying was reported and CEO Martin Hoffmann sold ~4,150 shares last week — both factors have likely amplified negative sentiment and intraday selling pressure. InsiderTrades / SEC filing

ON Company Profile

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.