Co-CEO David Allemann made his first-ever open-market purchase, buying $329K worth of ONON shares at $35.97, increasing his stake by 0.3% at a price 28.5% below the 90-day high. This trade is significant because it forms a $4.4M cluster buy with two other top executives, signaling strong internal alignment near a depressed price level.

Where it could go — Analyst mean target $45.50 implies +26.5%; bear case if stock breaks the recent low of $31.41.

Co-CEO Caspar Coppetti bought $329K worth of shares at $35.97, increasing his stake by 0.4% at a price 28.5% below the 90-day high. This first-time buy, combined with another executive's $2.2M purchase, shows internal confidence but is a relatively small cluster signal without a proven track record.

Where it could go — Analyst mean target not provided; consensus is STRONG BUY with 30 buys; bear case if stock breaks the recent low near $31.41.

Co-CEO Caspar Coppetti bought $329K worth of shares at $35.97, increasing his stake by 0.4% at a price 28.5% below the 90-day high. This first-time buy, combined with another executive's $2.2M purchase, shows internal confidence but is a relatively small cluster signal without a proven track record.

Where it could go — Analyst mean target not provided; consensus is STRONG BUY with 30 buys; bear case if stock breaks the recent low near $31.41.

CEO Bernhard Olivier bought $329K worth of ONON shares at $35.97, increasing his stake by 0.2% while the stock trades 28.5% below its 90-day high. This first-ever insider buy aligns with analyst consensus but lacks supporting cluster activity, making it a mild positive signal.

Where it could go — Analyst mean target implies upside from current levels; bear case if stock breaks $31.41 support.