Frank Sluis Buys Shares of On Holding AG
On June 22, Frank Sluis, CFO of On Holding AG, acquired 20,221 shares.
Key Points
- On June 22, Frank Sluis, CFO of On Holding AG, bought 20,221 shares of the company.
- Shares of On Holding AG traded near $35.14 on Thursday with a market cap of $12.1 billion.
- Several insiders, including Frank Sluis, purchased shares, while analysts maintained 'buy' ratings with targets up to $60.
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Frank Sluis, the Chief Financial Officer of On Holding AG, purchased 20,221 shares of the company on June 22, 2026. This insider transaction was not part of a pre-planned trading program, indicating a direct decision to acquire the shares.
Insider Buying and Selling at On Holding AG
On June 22, 2026, Frank Sluis, CFO of On Holding AG, bought 20,221 shares. Other insiders, such as Helena Helmersson, Dennis Durkin, Alexandre Perez, Amy Banse, and Laura Miele, also acquired shares on the same day, each purchasing between 1,736 and 2,064 shares. These transactions suggest a coordinated effort among the company's leadership to increase their holdings.
On Holding AG Stock Up 21.8%
Shares of NYSE:ONON traded near $35.14 on Thursday. On Holding AG, with a market cap of approximately $12.1 billion, operates in the Consumer Cyclical sector, specifically in Footwear & Accessories. The company's P/E ratio stands at 38.5, with a forward P/E of 16.9, indicating expectations of future earnings growth. The stock's 52-week range is between $31.41 and $55.95. On Holding AG has a beta of 2.103, reflecting its volatility relative to the market.
$ONON stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On May 13, 2026, Truist Securities, Barclays, and Keybanc maintained their 'buy' ratings on On Holding AG, setting price targets of $48, $46, and $43, respectively. Needham also maintained a 'buy' rating with a target of $45 on May 12. These targets reflect analysts' positive outlook on the company's future performance.
About On Holding AG
On Holding AG is a Swiss company known for developing and distributing performance sports products under the On brand. Founded in 2010 and headquartered in Zurich, the company offers a range of athletic footwear, apparel, and accessories. It caters to various sports and active lifestyles, selling through wholesale, direct-to-consumer channels, and e-commerce platforms. With a workforce of nearly 4,000 employees, On Holding AG continues to expand its presence across global markets.
Bottom Line
Frank Sluis's recent share purchase underscores a strong interest in On Holding AG's future prospects. Investors often track insider transactions like these for potential insights into company performance. While the 13F filings provide a backward-looking view of institutional positions, insider purchases can offer more immediate insights into executive confidence in the company's direction.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.