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 company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $33.58, for a total transaction of $139,357.00. Following the transaction, the chief executive officer owned 1,397,549 shares in the company, valued at $46,929,695.42. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed 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 shares were sold at an average price of $39.79, for a total transaction of $165,128.50.

ON Price Performance

ONON opened at $33.87 on Thursday. 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 capitalization of $21.61 billion, a P/E ratio of 47.04, a P/E/G ratio of 0.66 and a beta of 2.23. The company’s 50-day simple moving average is $41.26 and its two-hundred day simple moving average is $43.06. On Holding AG has a 52-week low of $31.41 and a 52-week high of $61.29.

Institutional Investors Weigh In On ON

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jacobi Capital Management LLC raised its stake in ON by 3.6% during the 4th quarter. Jacobi Capital Management LLC now owns 6,875 shares of the company’s stock worth $320,000 after acquiring an additional 240 shares during the period. Parallel Advisors LLC raised its stake in ON by 2.8% during the 4th quarter. Parallel Advisors LLC now owns 10,455 shares of the company’s stock worth $486,000 after acquiring an additional 285 shares during the period. J.W. Cole Advisors Inc. raised its stake in ON by 2.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 12,283 shares of the company’s stock worth $571,000 after acquiring an additional 285 shares during the period. Parsons Capital Management Inc. RI raised its stake in ON by 4.3% during the 3rd quarter. Parsons Capital Management Inc. RI now owns 7,238 shares of the company’s stock worth $307,000 after acquiring an additional 300 shares during the period. Finally, MetLife Investment Management LLC raised its stake in ON by 2.2% during the 4th quarter. MetLife Investment Management LLC now owns 14,411 shares of the company’s stock worth $670,000 after acquiring an additional 308 shares during the period. Institutional investors own 36.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ONON shares. UBS Group reiterated a “buy” rating on shares of ON in a research note on Thursday, February 19th. BTIG Research reiterated a “buy” rating and issued a $70.00 price objective on shares of ON in a research note on Tuesday, March 3rd. Barclays lowered their price objective on shares of ON from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Williams Trading cut shares of ON from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $55.00 to $47.00 in a research note on Thursday, January 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price objective on shares of ON in a research note on Thursday, February 26th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.24.

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.