ON (NYSE:ONON) Stock Sold Sen. Angus S. King Jr.

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 8.7%

Shares of NYSE ONON opened at $32.10 on Friday. The firm’s 50 day moving average price is $43.48 and its 200-day moving average price is $43.73. On Holding AG has a 52-week low of $32.05 and a 52-week high of $61.29. 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 company has a market cap of $20.49 billion, a PE ratio of 44.59, a P/E/G ratio of 0.70 and a beta of 2.14.

Key ON News

Here are the key news stories impacting ON this week:

• Positive Sentiment: Co‑founders David Allemann and Caspar Coppetti named co‑CEOs, which may preserve strategy and brand continuity and reduce disruption risk from the leadership change. BusinessWire announcement
• Positive Sentiment: Some sell‑side support remains: Telsey trimmed its target but kept an Outperform rating, signaling analysts still see medium‑term upside despite near‑term noise. Benzinga
• Neutral Sentiment: Investors are reassessing valuation after the co‑CEO move and a new CFO announcement; several pieces note this is a valuation/strategy reset rather than a fundamental collapse. Yahoo Finance valuation check
• Neutral Sentiment: ON is a trending, closely watched name with elevated volume and institutional interest — that attention amplifies intraday swings in either direction. Zacks trending note
• Negative Sentiment: Longtime CEO Martin Hoffmann stepped down (to an advisor role), a change that spooked investors concerned about near‑term execution amid slowing growth. CNBC
• Negative Sentiment: Johnson Fistel has opened an investigation into potential securities claims against On and its executives, introducing legal risk and added headline volatility. GlobeNewsWire
• Negative Sentiment: Bearish flows and insider timing: unusual put buying was reported and CEO Martin Hoffmann sold ~4,150 shares last week — both factors have likely amplified negative sentiment and intraday selling pressure. InsiderTrades / SEC filing

Insider Activity at ON

In other 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 completion of the sale, the chief executive officer directly owned 1,357,020 shares in the company, valued at $53,995,825.80. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 68.57% of the stock is owned by company insiders.

Institutional Trading of ON

A number of hedge funds have recently bought and sold shares of ONON. Jacobi Capital Management LLC increased its position in shares of ON by 3.6% during the 4th quarter. Jacobi Capital Management LLC now owns 6,875 shares of the company’s stock valued at $320,000 after purchasing an additional 240 shares during the last quarter. Lido Advisors LLC raised its position in ON by 1.2% in the second quarter. Lido Advisors LLC now owns 23,754 shares of the company’s stock worth $1,236,000 after acquiring an additional 285 shares during the period. Parallel Advisors LLC raised its position in ON by 2.8% in the fourth 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. boosted its stake in shares of 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 last quarter. Finally, Parsons Capital Management Inc. RI boosted its stake in shares of 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 last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ONON. Piper Sandler restated an “overweight” rating on shares of ON in a report on Friday, December 5th. Telsey Advisory Group reduced their target price on ON from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday. Guggenheim decreased their price target on ON from $59.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Barclays decreased their target price on ON from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, March 4th. Finally, Weiss Ratings reissued 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 assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.24.

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.