ODDITY Tech (NASDAQ:ODD) CFO Sells $82,545.00 in Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 5,503 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $15.00, for a total value of $82,545.00. Following the transaction, the chief financial officer directly owned 104,492 shares in the company, valued at $1,567,380. This trade represents a 5.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 Monday, August 31st, Mann Lindsay Drucker sold 12,286 shares of ODDITY Tech stock. The shares were sold at an average price of $14.27, for a total value of $175,321.22.
• On Friday, August 28th, Mann Lindsay Drucker sold 21,571 shares of ODDITY Tech stock. The shares were sold at an average price of $15.14, for a total value 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 stock was sold at an average price of $15.10, for a total value 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 value of $1,653,894.18.

ODDITY Tech Trading Up 2.5%

ODD opened at $14.49 on Thursday. ODDITY Tech Ltd. has a one year low of $9.25 and a one year high of $64.23. The company has a debt-to-equity ratio of 1.96, a current ratio of 4.06 and a quick ratio of 2.86. The business has a 50 day simple moving average of $15.04 and a two-hundred day simple moving average of $14.83. The firm has a market capitalization of $834.33 million, a price-to-earnings ratio of 18.34 and a beta of 2.38.

ODDITY Tech (NASDAQ:ODD) last posted its earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $187.87 million. During the same period last year, the firm posted $0.69 earnings per share. ODDITY Tech’s quarterly revenue was down 26.2% on a year-over-year basis. Analysts predict that ODDITY Tech Ltd. will post -0.55 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $10.25 price target on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Zacks Research upgraded ODDITY Tech from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Barclays dropped their price target on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 3rd. KeyCorp reissued a “sector weight” rating on shares of ODDITY Tech in a research report on Wednesday, June 3rd. Finally, The Goldman Sachs Group lowered shares of ODDITY Tech from a “hold” rating to a “sell” rating and decreased their price target for the stock from $16.00 to $8.00 in a research note 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 data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $25.75.

Institutional Investors Weigh In On ODDITY Tech

Institutional investors and hedge funds have recently made changes to their positions in the company. K5 Global Advisor LLC bought a new position in ODDITY Tech in the 2nd quarter valued at approximately $375,000. California State Teachers Retirement System boosted its position in shares of ODDITY Tech by 1,432.4% during the second quarter. California State Teachers Retirement System now owns 664,752 shares of the company’s stock valued at $10,058,000 after buying an additional 621,371 shares during the last quarter. Sigma Planning Corp increased its holdings in ODDITY Tech by 37.7% in the 2nd quarter. Sigma Planning Corp now owns 14,510 shares of the company’s stock worth $220,000 after buying an additional 3,975 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in ODDITY Tech in the 2nd quarter worth about $300,000. Finally, Avidity Partners Management LP bought a new position in ODDITY Tech during the 1st quarter valued at about $937,000. Institutional investors own 35.88% of the company’s stock.

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.