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 business’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 completion of the sale, the chief financial officer directly owned 104,492 shares of the company’s stock, valued at $1,567,380. The trade was a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 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 stock was 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 stock was 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 shares were sold at an average price of $15.09, for a total value of $1,653,894.18.

ODDITY Tech Stock Performance

Shares of ODD stock traded up $0.05 during trading hours on Monday, hitting $14.40. The 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 current ratio of 4.06 and a quick ratio of 2.86. The firm has a market capitalization of $829.15 million, a PE ratio of 18.23 and a beta of 2.38. The stock’s 50 day moving average is $14.98 and its 200 day moving average is $15.03. ODDITY Tech Ltd. has a twelve month low of $9.25 and a twelve month high of $64.23.

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 during the quarter, compared to analyst estimates of $187.87 million. During the same period in the previous year, the firm earned $0.69 earnings per share. The business’s revenue was down 26.2% compared to the same quarter last year. As a group, research analysts forecast that ODDITY Tech Ltd. will post -0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. Needham & Company LLC reissued a “hold” rating on shares of ODDITY Tech in a report on Tuesday, June 2nd. 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. Zacks Research raised ODDITY Tech from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $10.25 target price on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Nine equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $25.39.

Institutional Investors Weigh In On ODDITY Tech

A number of hedge funds have recently added to or reduced their stakes in the company. Wexford Capital LP purchased a new stake in ODDITY Tech in the 3rd quarter valued at approximately $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in ODDITY Tech by 134.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock worth $69,000 after purchasing an additional 651 shares during the period. Legal & General Group Plc purchased a new position in shares of ODDITY Tech during the 2nd quarter worth approximately $71,000. SG Americas Securities LLC purchased a new position in shares of ODDITY Tech during the 1st quarter worth approximately $104,000. Finally, Headlands Technologies LLC acquired a new stake in shares of ODDITY Tech in the 2nd quarter valued at approximately $108,000. Institutional investors and hedge funds 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.