ODDITY Tech (NASDAQ:ODD) CFO Sells $52,429.93 in Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 3,493 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $15.01, for a total transaction of $52,429.93. Following the completion of the sale, the chief financial officer owned 104,492 shares of the company’s stock, valued at approximately $1,568,424.92. This trade represents a 3.23% decrease in their position. The transaction 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.

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

• 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.
• On Monday, June 1st, Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock. The shares were sold at an average price of $13.44, for a total value of $129,064.32.

ODDITY Tech Stock Performance

Shares of ODDITY Tech stock opened at $14.35 on Friday. The business’s fifty day simple moving average is $14.93 and its 200 day simple moving average is $15.25. The firm has a market capitalization of $826.27 million, a P/E ratio of 18.16 and a beta of 2.38. ODDITY Tech Ltd. has a 12 month low of $9.25 and a 12 month high of $64.23. The company has a current ratio of 4.06, a quick ratio of 2.86 and a debt-to-equity ratio of 1.96.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ODD. Wexford Capital LP bought a new position in ODDITY Tech in the 3rd quarter worth about $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 purchasing an additional 651 shares in the last quarter. USS Investment Management Ltd increased its position in shares of ODDITY Tech by 5.3% in the fourth quarter. USS Investment Management Ltd now owns 13,753 shares of the company’s stock worth $552,000 after purchasing an additional 695 shares during the last quarter. California State Teachers Retirement System increased its position in shares of ODDITY Tech by 2.0% in the fourth quarter. California State Teachers Retirement System now owns 43,532 shares of the company’s stock worth $1,749,000 after purchasing an additional 870 shares during the last quarter. Finally, Entropy Technologies LP raised its stake in ODDITY Tech by 10.0% in the third quarter. Entropy Technologies LP now owns 9,900 shares of the company’s stock valued at $617,000 after purchasing an additional 900 shares in the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ODD has been the topic of several research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $10.25 price objective on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Barclays decreased 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. Truist Financial lowered their price target on shares of ODDITY Tech from $18.00 to $12.00 and set a “hold” rating on the stock in a report on Wednesday, June 3rd. Morgan Stanley dropped their price objective on ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Finally, The Goldman Sachs Group lowered ODDITY Tech from a “hold” rating to a “sell” rating and reduced their price objective for the company from $16.00 to $8.00 in a report on Wednesday, June 3rd. Nine analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, ODDITY Tech currently has an average rating of “Reduce” and an average price target 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.