ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 7,717 Shares of Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Drucker sold 7,717 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $15.09, for a total transaction of $116,449.53. Following the completion of the transaction, the chief financial officer owned 116,135 shares of the company’s stock, valued at approximately $1,752,477.15. The trade was a 6.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 3rd, Mann Drucker sold 809 shares of ODDITY Tech stock. The shares were sold at an average price of $15.01, for a total transaction of $12,143.09.
• On Monday, August 31st, Mann 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 Thursday, August 27th, Mann Drucker sold 5,503 shares of ODDITY Tech stock. The stock was sold at an average price of $15.00, for a total transaction 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 Trading Down 2.5%

Shares of NASDAQ:ODD opened at $14.13 on Friday. The company has a market cap of $813.61 million, a P/E ratio of 17.89 and a beta of 2.38. The company has a debt-to-equity ratio of 1.96, a current ratio of 4.06 and a quick ratio of 2.86. ODDITY Tech Ltd. has a 1 year low of $9.25 and a 1 year high of $64.23. The stock’s fifty day moving average price is $15.06 and its 200-day moving average price is $14.74.

ODDITY Tech (NASDAQ:ODD) last released its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.17) EPS for the quarter, missing the consensus estimate 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 return on equity of 15.38% and a net margin of 6.97%.ODDITY Tech’s quarterly revenue was down 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share. Sell-side analysts expect that ODDITY Tech Ltd. will post -0.55 earnings per share for the current year.

Institutional Investors Weigh In On ODDITY Tech

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC boosted its holdings in shares of ODDITY Tech by 115.0% in the fourth quarter. Janus Henderson Group PLC now owns 2,423,917 shares of the company’s stock worth $97,379,000 after buying an additional 1,296,551 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of ODDITY Tech by 1,432.4% during the 2nd quarter. California State Teachers Retirement System now owns 664,752 shares of the company’s stock valued at $10,058,000 after buying an additional 621,371 shares in the last quarter. Morgan Stanley raised its stake in ODDITY Tech by 13.9% during the 4th quarter. Morgan Stanley now owns 4,305,565 shares of the company’s stock valued at $172,998,000 after purchasing an additional 525,481 shares during the period. Wellington Management Group LLP purchased a new position in ODDITY Tech in the 3rd quarter worth approximately $27,838,000. Finally, Altshuler Shaham Ltd boosted its position in shares of ODDITY Tech by 364.7% during the fourth quarter. Altshuler Shaham Ltd now owns 500,714 shares of the company’s stock worth $20,119,000 after acquiring an additional 392,967 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ODD shares. The Goldman Sachs Group lowered shares of ODDITY Tech from a “hold” rating to a “sell” rating and reduced their price target for the stock from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Zacks Research upgraded shares of ODDITY Tech from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $10.25 target price on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Morgan Stanley decreased 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 research note on Wednesday, June 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Nine analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $25.75.

ODDITY Tech Company Profile

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.