ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 809 Shares

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Drucker sold 809 shares of ODDITY Tech stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $15.01, for a total value of $12,143.09. Following the completion of the sale, the chief financial officer directly owned 116,135 shares in the company, valued at $1,743,186.35. This represents a 0.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Mann Drucker sold 7,717 shares of ODDITY Tech stock. The stock was sold at an average price of $15.09, for a total value of $116,449.53.
• On Monday, August 31st, Mann 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 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 Friday, August 28th, Mann 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 Drucker sold 3,493 shares of ODDITY Tech stock. The stock was sold at an average price of $15.01, for a total value of $52,429.93.
• On Wednesday, August 5th, Mann 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 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 Price Performance

ODDITY Tech stock traded down $0.36 during midday trading on Thursday, reaching $14.13. The company’s stock had a trading volume of 674,934 shares, compared to its average volume of 811,573. The firm has a market capitalization of $813.61 million, a PE ratio of 17.89 and a beta of 2.38. ODDITY Tech Ltd. has a fifty-two week low of $9.25 and a fifty-two week high of $64.23. The stock’s 50 day simple moving average is $15.06 and its 200 day simple moving average is $14.74. 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 posted its quarterly 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). The company had revenue of $197.94 million for the quarter, compared to analyst estimates of $187.87 million. ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The business’s revenue for the quarter was down 26.2% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. On average, equities research analysts forecast that ODDITY Tech Ltd. will post -0.55 earnings per share for the current year.

Institutional Investors Weigh In On ODDITY Tech

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on ODD. The Goldman Sachs Group lowered shares of 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 report on Wednesday, June 3rd. KeyCorp reissued a “sector weight” rating on shares of ODDITY Tech 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. Needham & Company LLC reaffirmed a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Finally, Truist Financial lifted their price objective on ODDITY Tech from $12.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday. Nine equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $25.75.

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.