ON (NYSE:ONON) Reaches New 12-Month Low After Insider Selling

On Holding AG (NYSE:ONON) shares hit a new 52-week low on Thursday following insider selling activity. The company 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 firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 1,357,020 shares of the company’s stock, valued at approximately $53,995,825.80. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. KeyCorp reaffirmed an “overweight” rating on shares of ON in a report on Wednesday, March 4th. Sanford C. Bernstein reissued an “outperform” rating on shares of ON in a research note on Wednesday, March 4th. BTIG Research restated a “buy” rating and set a $70.00 price target on shares of ON in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ON in a research note on Thursday, January 22nd. Finally, Truist Financial lowered their price objective on shares of ON from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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 were named co‑CEOs — preserves founder control and signals continuity of brand/strategy, which may calm longer‑term investors. Read More.
• Positive Sentiment: Sell‑side support remains: Telsey cut its price target from $65 to $60 but kept an Outperform rating, indicating analysts still see material upside despite the near‑term shock. Read More.
• Neutral Sentiment: Analyst consensus stays roughly a “moderate buy” with many Buy/Outperform ratings—mixed signals that can limit a sustained rout if fundamentals hold. Read More.
• Neutral Sentiment: ON is a trending/closely watched ticker; heightened attention can amplify volatility and makes intraday moves less predictive of long‑term value. Read More.
• Negative Sentiment: CEO Martin Hoffmann stepped down to an advisor role — a leadership shakeup amid slowing growth unnerved investors and raised short‑term execution concerns. Read More.
• Negative Sentiment: Insider sale by Hoffmann (4,150 shares) was disclosed; although small relative to his stake, the timing near the leadership announcement likely amplified negative sentiment. Read More.
• Negative Sentiment: Market reaction: heavy selling pushed the stock sharply lower (large intraday decline and increased volume), reflecting short‑term risk aversion around leadership and growth outlook. Read More.

ON Stock Down 4.2%

The stock has a fifty day moving average of $43.76 and a 200-day moving average of $43.81. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 46.96, a PEG ratio of 0.79 and a beta of 2.14. The company has a current ratio of 2.71, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.

Institutional Trading of ON

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitlin John LLC acquired a new position in shares of ON in the fourth quarter worth about $25,000. Cullen Frost Bankers Inc. raised its holdings in shares of 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 acquiring an additional 467 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of ON in the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its position in shares of ON by 555.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 701 shares of the company’s stock valued at $33,000 after acquiring an additional 594 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its stake 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 purchasing an additional 421 shares during the period. Institutional investors and hedge funds own 36.39% of the company’s stock.

About ON

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.