Caspar Felix Coppetti, Executive Officer & Co-CEO at On Holding AG (ONON), bought 65,000 shares at $30.67 ($2.0M) on 2026-08-14, disclosed to the SEC on 2026-08-17.
On Holding Co-CEO Caspar Felix Coppetti purchased $1.99M of stock at $30.67, marking the largest insider purchase in the company's history, signaling confidence despite recent market turmoil.
The stock is trading 17.03% above its 52-week low of $31.41 and down 1.53% over the last 90 days, having recently suffered its worst single-day drop of 20.29% on August 11.
1) Q2 2026 earnings on August 12, 2026, which saw a 20.29% single-day drop and triggered analyst downgrades; 2) The company's outlook for the rest of the year, which was trimmed following the Q2 report; 3) The 'largest ever' insider purchase cluster, as this is the largest trade in the company's history.
1) Analyst downgrade risk: Raymond James downgraded ONON to Outperform from Strong Buy and cut the price target to $38 from $52 citing wholesale weakness; 2) Competitive risk: Williams Trading analyst Sam Poser believes On will lose share to Nike over the next six-to-nine months.
Nothing distinguishes this filing.