ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 21,571 Shares

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 21,571 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $15.14, for a total value of $326,584.94. Following the transaction, the chief financial officer owned 104,492 shares of the company’s stock, valued at approximately $1,582,008.88. The trade was a 17.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 stock was sold at an average price of $14.27, for a total value of $175,321.22.
• 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 value of $82,545.00.
• 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 value 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 value of $173,242.30.
• On Tuesday, June 30th, Mann Lindsay Drucker sold 109,602 shares of ODDITY Tech stock. The stock was sold at an average price of $15.09, for a total value of $1,653,894.18.

ODDITY Tech Stock Up 0.3%

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

ODDITY Tech (NASDAQ:ODD) last posted its earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share 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 during the quarter, compared to analysts’ expectations of $187.87 million. During the same period last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was down 26.2% compared to the same quarter last year. As a group, equities analysts predict that ODDITY Tech Ltd. will post -0.55 EPS for the current fiscal year.

Institutional Trading of ODDITY Tech

Institutional investors and hedge funds have recently made changes to their positions in the business. Wexford Capital LP bought a new position in shares of ODDITY Tech in the third quarter worth about $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 worth $69,000 after acquiring an additional 651 shares during the period. Legal & General Group Plc bought a new stake in shares of ODDITY Tech during the second quarter valued at approximately $71,000. SG Americas Securities LLC purchased a new stake in shares of ODDITY Tech in the first quarter valued at approximately $104,000. Finally, Headlands Technologies LLC purchased a new stake in shares of ODDITY Tech in the second quarter valued at approximately $108,000. 35.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Morgan Stanley dropped their price target on ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Barclays dropped their price target on shares of ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, June 3rd. Jefferies Financial Group reiterated a “hold” rating and set a $10.25 price target on shares of ODDITY Tech in a report on Tuesday, June 2nd. KeyCorp reissued a “sector weight” rating on shares of ODDITY Tech in a research report on Wednesday, June 3rd. Finally, Zacks Research raised shares of ODDITY Tech from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Nine investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $25.39.

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.