Senator Angus S. King Jr. (Independent-Maine) recently sold shares of On Holding AG (NYSE:ONON). In a filing disclosed on March 24th, the Senator disclosed that they had sold between $1,001 and $15,000 in ON stock on February 13th.
Senator Angus S. King Jr. also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 2/13/2026.
- Sold $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 2/13/2026.
- Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 2/13/2026.
- Sold $1,001 – $15,000 in shares of Autodesk (NASDAQ:ADSK) on 2/13/2026.
- Sold $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 2/13/2026.
- Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/13/2026.
- Sold $1,001 – $15,000 in shares of Netflix (NASDAQ:NFLX) on 2/13/2026.
- Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 2/13/2026.
- Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 12/29/2025.
- Purchased $1,001 – $15,000 in shares of Honeywell International (NASDAQ:HON) on 12/29/2025.
ON Trading Down 10.9%
NYSE ONON opened at $35.26 on Thursday. On Holding AG has a 1-year low of $34.38 and a 1-year high of $61.29. 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 company has a market capitalization of $22.50 billion, a PE ratio of 48.97, a price-to-earnings-growth ratio of 0.79 and a beta of 2.14. The firm’s fifty day simple moving average is $43.76 and its 200-day simple moving average is $43.81.
Insider Activity at ON
Trending Headlines about ON
Here are the key news stories impacting ON this week:
- Positive Sentiment: Co‑founders named co‑CEOs, which could preserve strategy and brand continuity; the company positioned the change as a planned leadership transition. BusinessWire announcement
- Positive Sentiment: Some sell‑side support remains: Telsey Advisory trimmed its price target (from $65 to $60) but kept an Outperform rating, signaling analysts still see upside over time. Benzinga
- Neutral Sentiment: Analyst consensus is roughly in the “moderate buy” area, indicating institutional views are mixed but not uniformly negative. Analyst roundup
- Neutral Sentiment: On has been a trending/closely watched name recently; increased attention can amplify intraday moves and volatility. Zacks trending note
- Negative Sentiment: Longtime CEO Martin Hoffmann stepped down (to an advisor role through 2027), a leadership change that spooked investors and undercut confidence in near‑term execution amid slowing growth. CNBC
- Negative Sentiment: Insider sale: Hoffmann sold ~4,150 shares last week; while small relative to his holding, the timing around the announcement likely amplified negative sentiment. SEC filing
- Negative Sentiment: Market reaction: heavy trading and large intraday selling pushed the share price toward its 52‑week low, reflecting short‑term risk aversion around execution and leadership continuity. Zacks market note
Wall Street Analysts Forecast Growth
A number of brokerages have commented on ONON. Weiss Ratings restated a “sell (d+)” rating on shares of ON in a research note on Thursday, January 22nd. Stifel Nicolaus set a $58.00 price target on ON in a research note on Tuesday, March 3rd. Truist Financial reduced their price target on ON from $65.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Zacks Research cut ON from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Finally, Guggenheim dropped their price objective on ON from $59.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, ON presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.24.
View Our Latest Analysis on ON
Hedge Funds Weigh In On ON
Several hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in ON in the 2nd quarter valued at $138,641,000. Great Point Wealth Advisors LLC acquired a new position in ON during the 3rd quarter worth $1,607,000. Lecap Asset Management Ltd. acquired a new position in ON during the 3rd quarter worth $1,473,000. Winslow Capital Management LLC bought a new stake in ON during the second quarter valued at about $248,113,000. Finally, Sands Capital Management LLC grew its position in shares of ON by 46.7% in the third quarter. Sands Capital Management LLC now owns 6,769,430 shares of the company’s stock valued at $286,685,000 after purchasing an additional 2,155,083 shares during the last quarter. 36.39% of the stock is owned by institutional investors and hedge funds.
About Senator King
Angus King (independent) is a member of the U.S. Senate from Maine. He assumed office on January 3, 2013. His current term ends on January 3, 2031.
King (independent) ran for re-election to the U.S. Senate to represent Maine. He won in the general election on November 5, 2024.
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.
See Also
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