ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 12,286 Shares of Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 12,286 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $14.27, for a total value of $175,321.22. Following the transaction, the chief financial officer directly owned 116,135 shares in the company, valued at approximately $1,657,246.45. The trade was a 9.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Mann Lindsay Drucker also recently made the following trade(s):

• On Thursday, August 27th, Mann Lindsay Drucker sold 5,503 shares of ODDITY Tech stock. The stock was sold at an average price of $15.00, for a total transaction of $82,545.00.
• On Friday, August 28th, Mann Lindsay Drucker sold 21,571 shares of ODDITY Tech stock. The stock was sold at an average price of $15.14, for a total transaction of $326,584.94.
• On Wednesday, August 26th, Mann Lindsay Drucker sold 3,493 shares of ODDITY Tech stock. The stock was sold at an average price of $15.01, for a total transaction of $52,429.93.
• On Wednesday, August 5th, Mann Lindsay Drucker sold 11,473 shares of ODDITY Tech stock. The shares were sold at an average price of $15.10, for a total transaction of $173,242.30.
• On Tuesday, June 30th, Mann Lindsay Drucker sold 109,602 shares of ODDITY Tech stock. The shares were sold at an average price of $15.09, for a total transaction of $1,653,894.18.

ODDITY Tech Trading Up 0.3%

Shares of ODD stock opened at $14.40 on Tuesday. ODDITY Tech Ltd. has a fifty-two week low of $9.25 and a fifty-two week high of $64.23. The company has a 50 day moving average price of $14.98 and a 200 day moving average price of $15.03. The stock has a market capitalization of $829.15 million, a P/E ratio of 18.23 and a beta of 2.38. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06.

ODDITY Tech (NASDAQ:ODD) last released its earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The business had revenue of $197.94 million for the quarter, compared to analyst estimates of $187.87 million. During the same quarter last year, the company earned $0.69 earnings per share. ODDITY Tech’s quarterly revenue was down 26.2% compared to the same quarter last year. Equities research analysts predict that ODDITY Tech Ltd. will post -0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. KeyCorp reaffirmed a “sector weight” rating on shares of ODDITY Tech in a research report on Wednesday, June 3rd. The Goldman Sachs Group cut ODDITY Tech from a “hold” rating to a “sell” rating and lowered their target price for the stock from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Zacks Research upgraded ODDITY Tech from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Truist Financial cut their price target on ODDITY Tech from $18.00 to $12.00 and set a “hold” rating on the stock in a report on Wednesday, June 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Nine research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $25.39.

Institutional Investors Weigh In On ODDITY Tech

Institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC grew its stake in shares of ODDITY Tech by 115.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,423,917 shares of the company’s stock worth $97,379,000 after purchasing an additional 1,296,551 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of ODDITY Tech by 1,432.4% in the 2nd quarter. California State Teachers Retirement System now owns 664,752 shares of the company’s stock valued at $10,058,000 after acquiring an additional 621,371 shares during the last quarter. Morgan Stanley increased its holdings in shares of ODDITY Tech by 13.9% in the 4th quarter. Morgan Stanley now owns 4,305,565 shares of the company’s stock valued at $172,998,000 after acquiring an additional 525,481 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of ODDITY Tech during the 3rd quarter worth about $27,838,000. Finally, Altshuler Shaham Ltd raised its position in shares of ODDITY Tech by 364.7% during the 4th quarter. Altshuler Shaham Ltd now owns 500,714 shares of the company’s stock worth $20,119,000 after acquiring an additional 392,967 shares in the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.

About ODDITY Tech

Oddity Tech Ltd. operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States and internationally. It serves consumers worldwide through its AI-driven online platform, which uses data science, machine learning, and computer vision capabilities to identify consumer needs, and develop solutions in the form of beauty and wellness products. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.