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 20th. The stock was sold at an average price of $36.56, for a total transaction of $151,724.00. Following the transaction, the chief executive officer owned 1,389,249 shares of the company’s stock, valued at approximately $50,790,943.44. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, April 13th, Martin Hoffmann sold 4,150 shares of ON stock. The stock was sold at an average price of $33.95, for a total transaction 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 transaction 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 transaction of $165,128.50.

ON Stock Down 0.5%

ONON opened at $36.56 on Thursday. On Holding AG has a twelve month low of $31.41 and a twelve month high of $61.29. 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 company has a 50-day moving average price of $39.48 and a 200 day moving average price of $42.51. The company has a market cap of $23.33 billion, a PE ratio of 50.78, a price-to-earnings-growth ratio of 0.74 and a beta of 2.23.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ONON shares. Williams Trading downgraded shares of ON from a “buy” rating to a “hold” rating and reduced their price target for the stock from $55.00 to $47.00 in a research report on Thursday, January 8th. Sanford C. Bernstein restated an “outperform” rating on shares of ON in a research report on Wednesday, March 4th. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price objective on shares of ON in a report on Thursday, February 26th. Stifel Nicolaus set a $58.00 price objective on shares of ON in a report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of ON in a report on Thursday, January 22nd. One investment 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.62.

Institutional Trading of ON

Hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. increased its holdings in shares of ON by 639.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 540 shares of the company’s stock worth $25,000 after buying an additional 467 shares during the last quarter. Caitlin John LLC acquired a new stake in shares of ON during the 4th quarter worth approximately $25,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of ON during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of ON by 555.1% during 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 last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of ON by 109.9% during 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 last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

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.