Stock Traders Buy Large Volume of ON Put Options (NYSE:ONON)

On Holding AG (NYSE:ONON) saw some unusual options trading on Thursday. Traders purchased 19,421 put options on the company. This represents an increase of approximately 53% compared to the typical volume of 12,695 put options.

Insider Buying and Selling

In other ON news, CEO Martin Hoffmann sold 4,150 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $39.79, for a total value of $165,128.50. Following the transaction, the chief executive officer owned 1,357,020 shares of the company’s stock, valued at $53,995,825.80. This represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 68.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On ON

Several hedge funds have recently modified their holdings of the business. Cullen Frost Bankers Inc. increased its holdings in 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 buying an additional 467 shares during the period. Caitlin John LLC purchased a new stake in ON during the fourth quarter worth $25,000. MidAtlantic Capital Management Inc. bought a new stake in ON during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its holdings 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 during the period. Finally, TD Private Client Wealth LLC increased its holdings in shares of ON by 109.9% in the 4th quarter. TD Private Client Wealth LLC now owns 804 shares of the company’s stock valued at $37,000 after acquiring an additional 421 shares during the period. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Stock Down 6.3%

Shares of ON stock traded down $2.21 during trading on Thursday, hitting $32.95. 5,943,327 shares of the stock traded hands, compared to its average volume of 5,732,209. The company has a current ratio of 2.71, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $43.76 and its 200 day simple moving average is $43.81. The firm has a market cap of $21.02 billion, a P/E ratio of 45.75, a price-to-earnings-growth ratio of 0.79 and a beta of 2.14. ON has a 52-week low of $32.90 and a 52-week high of $61.29.

Analysts Set New Price Targets

Several research firms recently commented on ONON. KeyCorp reaffirmed an “overweight” rating on shares of ON in a research note on Wednesday, March 4th. Sanford C. Bernstein reissued an “outperform” rating on shares of ON in a research report on Wednesday, March 4th. Barclays dropped their target price 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. Truist Financial reduced their target price on shares of ON from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of ON in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.24.

Trending Headlines about ON

Here are the key news stories impacting ON this week:

• Positive Sentiment: Co‑founders David Allemann and Caspar Coppetti were named co‑CEOs, a move positioned as a planned transition that preserves founder control and brand continuity. Read More.
• Positive Sentiment: Some sell‑side support remains: Telsey cut its target modestly but kept an Outperform rating, signaling continued analyst conviction in longer‑term upside. Read More.
• Neutral Sentiment: Consensus remains around a “moderate buy,” so institutional views are mixed rather than uniformly negative. Read More.
• Neutral Sentiment: ONON has been a trending, closely watched name recently — that attention can amplify intraday moves and volatility. Read More.
• Negative Sentiment: Leadership change spooked the market: Hoffmann stepping down from CEO to advisor created uncertainty around near‑term execution amid already slowing growth. Read More.
• Negative Sentiment: Insider sale by Hoffmann (4,150 shares) was disclosed; while small relative to his holdings, the timing likely intensified selling pressure. Read More.
• Negative Sentiment: Market reaction: heavy intraday selling pushed the stock toward its 52‑week low and amplified headline‑driven weakness. Read More.

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.