ODDITY Tech (NASDAQ:ODD) CFO Sells $1,653,894.18 in Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 109,602 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $15.09, for a total transaction of $1,653,894.18. Following the completion of the sale, the chief financial officer owned 77,709 shares in the company, valued at $1,172,628.81. This represents a 58.51% 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. 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, June 1st, Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock. The stock was sold at an average price of $13.44, for a total transaction of $129,064.32.
• On Thursday, April 30th, Mann Lindsay Drucker sold 9,600 shares of ODDITY Tech stock. The stock was sold at an average price of $15.62, for a total transaction of $149,952.00.

ODDITY Tech Stock Performance

Shares of ODD stock opened at $17.90 on Friday. ODDITY Tech Ltd. has a 12-month low of $9.25 and a 12-month high of $77.83. The company has a market capitalization of $1.03 billion, a P/E ratio of 22.66 and a beta of 2.37. The firm has a 50-day moving average price of $13.16 and a 200 day moving average price of $21.45. The company has a quick ratio of 2.86, a current ratio of 4.06 and a debt-to-equity ratio of 1.96.

ODDITY Tech (NASDAQ:ODD) last released its quarterly 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). The firm had revenue of $197.94 million during the quarter, compared to analyst estimates of $187.87 million. ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. ODDITY Tech’s quarterly revenue was down 26.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. Research analysts forecast that ODDITY Tech Ltd. will post -0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Truist Financial decreased their price target on ODDITY Tech from $18.00 to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, June 3rd. Zacks Research downgraded ODDITY Tech from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. KeyCorp reissued a “sector weight” rating on shares of ODDITY Tech in a research note on Wednesday, June 3rd. Needham & Company LLC reissued a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Finally, Barclays decreased their target price on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, June 3rd. Eight analysts have rated the stock with a Hold rating and five have issued 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. grew its stake in shares of ODDITY Tech by 17.8% during the fourth quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock worth $286,188,000 after purchasing an additional 1,076,921 shares during the period. Morgan Stanley boosted its holdings in ODDITY Tech by 13.9% during the fourth quarter. Morgan Stanley now owns 4,305,565 shares of the company’s stock worth $172,998,000 after buying an additional 525,481 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of ODDITY Tech by 115.0% during the 4th 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 period. Granahan Investment Management LLC grew its position in shares of ODDITY Tech by 1.1% during the 4th quarter. Granahan Investment Management LLC now owns 1,523,204 shares of the company’s stock worth $61,202,000 after buying an additional 16,747 shares during the period. Finally, Bamco Inc. NY increased its stake in shares of ODDITY Tech by 11.3% in the 3rd quarter. Bamco Inc. NY now owns 1,376,781 shares of the company’s stock valued at $85,773,000 after acquiring an additional 139,348 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors.

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.