ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 5,503 Shares of Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 5,503 shares of ODDITY Tech stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $15.00, for a total transaction of $82,545.00. Following the completion of the sale, the chief financial officer owned 104,492 shares of the company’s stock, valued at approximately $1,567,380. This trade represents a 5.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $1,653,894.18.

ODDITY Tech Stock Up 0.3%

NASDAQ:ODD opened at $14.40 on Tuesday. The company has a market capitalization of $829.15 million, a price-to-earnings 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 simple moving average of $14.98 and a 200 day simple moving average of $15.03. 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 announced its quarterly earnings data 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 firm had revenue of $197.94 million for the quarter, compared to analyst estimates of $187.87 million. During the same quarter in the previous year, the company earned $0.69 EPS. The company’s quarterly revenue was down 26.2% compared to the same quarter last year. Sell-side analysts predict that ODDITY Tech Ltd. will post -0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On ODDITY Tech

Several institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC bought a new stake in shares of ODDITY Tech in the 1st quarter worth approximately $1,275,000. Rice Hall James & Associates LLC acquired a new position in ODDITY Tech during the 1st quarter valued at approximately $3,533,000. Sparta 24 Ltd. bought a new position in ODDITY Tech during the 1st quarter worth $1,082,000. Halter Ferguson Financial Inc. bought a new position in ODDITY Tech during the 1st quarter worth $2,789,000. Finally, Teachers Retirement System of The State of Kentucky increased its position in ODDITY Tech by 32.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 121,185 shares of the company’s stock worth $1,621,000 after buying an additional 30,000 shares during the period. 35.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ODD shares. Truist Financial lowered their price target on ODDITY Tech from $18.00 to $12.00 and set a “hold” rating for the company in a report on Wednesday, June 3rd. Zacks Research upgraded ODDITY Tech from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of ODDITY Tech in a report on Tuesday, June 2nd. Barclays lowered their target price 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. Finally, Morgan Stanley dropped their target price on shares of ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating on the stock 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.com, ODDITY Tech has an average rating of “Reduce” and an average 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.