Insider Selling: ODDITY Tech (NASDAQ:ODD) CFO Sells $175,321.22 in Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 12,286 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $14.27, for a total transaction of $175,321.22. Following the sale, the chief financial officer owned 116,135 shares of the company’s stock, valued at $1,657,246.45. This represents a 9.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were 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 shares were 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 NASDAQ ODD traded up $0.05 during trading hours on Monday, hitting $14.40. The company’s stock had a trading volume of 1,074,436 shares, compared to its average volume of 791,154. 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 Ltd. has a 12 month low of $9.25 and a 12 month high of $64.23. The stock has a market cap of $829.15 million, a price-to-earnings ratio of 18.23 and a beta of 2.38. The business has a 50-day simple moving average of $14.98 and a 200-day simple moving average of $15.03.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays cut their price target on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 3rd. Needham & Company LLC reiterated a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. KeyCorp reissued a “sector weight” rating on shares of ODDITY Tech in a report on Wednesday, June 3rd. The Goldman Sachs Group cut ODDITY Tech from a “hold” rating to a “sell” rating and cut their target price for the stock from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Finally, Truist Financial lowered their price target on ODDITY Tech from $18.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, June 3rd. Nine analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $25.39.

Hedge Funds Weigh In On ODDITY Tech

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wexford Capital LP purchased a new position in shares of ODDITY Tech in the 3rd quarter worth $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in ODDITY Tech by 134.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock valued at $69,000 after acquiring an additional 651 shares during the last quarter. Legal & General Group Plc bought a new position in ODDITY Tech in the second quarter valued at about $71,000. SG Americas Securities LLC bought a new position in ODDITY Tech in the first quarter valued at about $104,000. Finally, Headlands Technologies LLC purchased a new position in ODDITY Tech in the second quarter worth about $108,000. 35.88% of the stock is owned by 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.