ON (NYSE:ONON) Hits New 1-Year Low After Insider Selling

On Holding AG (NYSE:ONON)’s stock price reached a new 52-week low on Thursday following insider selling activity. The stock traded as low as $34.14 and last traded at $33.9570, with a volume of 708539 shares. The stock had previously closed at $35.16.

Specifically, CEO Martin Hoffmann sold 4,150 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $39.79, for a total transaction of $165,128.50. Following the completion of the sale, the chief executive officer directly owned 1,357,020 shares of the company’s stock, valued at approximately $53,995,825.80. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of ON from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Stifel Nicolaus set a $58.00 price target on ON in a report on Tuesday, March 3rd. BTIG Research reissued a “buy” rating and set a $70.00 price objective on shares of ON in a report on Tuesday, March 3rd. Truist Financial cut their price target on shares of ON from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Finally, UBS Group reaffirmed a “buy” rating on shares of ON in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.24.

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 Stock Performance

The firm has a 50-day moving average price of $43.48 and a two-hundred day moving average price of $43.73. The company has a quick ratio of 2.13, a current ratio of 2.71 and a debt-to-equity ratio of 0.27. The firm has a market cap of $20.49 billion, a PE ratio of 44.59, a P/E/G ratio of 0.70 and a beta of 2.14.

Institutional Investors Weigh In On ON

Hedge funds have recently modified their holdings of the business. Platinum Paramount Investment LTD. purchased a new position in shares of ON in the fourth quarter worth about $525,784,000. Sinvest Investments II Ltd. purchased a new stake in ON during the 4th quarter valued at about $390,432,000. Morgan Stanley grew its stake in ON by 40.9% during the 4th quarter. Morgan Stanley now owns 24,119,871 shares of the company’s stock valued at $1,121,092,000 after acquiring an additional 6,997,455 shares in the last quarter. Winslow Capital Management LLC acquired a new stake in ON in the 2nd quarter valued at about $248,113,000. Finally, Sands Capital Management LLC purchased a new position in ON in the 2nd quarter worth approximately $240,177,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

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.