ODDITY Tech (NASDAQ:ODD) CFO Sells $12,143.09 in Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Drucker sold 809 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $15.01, for a total transaction of $12,143.09. Following the completion of the sale, the chief financial officer directly owned 116,135 shares in the company, valued at approximately $1,743,186.35. This represents a 0.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 Tuesday, September 1st, Mann Drucker sold 7,717 shares of ODDITY Tech stock. The stock was sold at an average price of $15.09, for a total transaction of $116,449.53.
• On Monday, August 31st, Mann Drucker sold 12,286 shares of ODDITY Tech stock. The stock was sold at an average price of $14.27, for a total value of $175,321.22.
• On Thursday, August 27th, Mann Drucker sold 5,503 shares of ODDITY Tech stock. The shares were sold at an average price of $15.00, for a total value of $82,545.00.
• On Friday, August 28th, Mann 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 Drucker sold 3,493 shares of ODDITY Tech stock. The shares were sold at an average price of $15.01, for a total transaction of $52,429.93.
• On Wednesday, August 5th, Mann 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 Drucker sold 109,602 shares of ODDITY Tech stock. The shares were sold at an average price of $15.09, for a total transaction of $1,653,894.18.

ODDITY Tech Trading Down 2.7%

ODD opened at $13.75 on Friday. The company has a quick ratio of 2.86, a current ratio of 4.06 and a debt-to-equity ratio of 1.96. The stock’s fifty day moving average is $15.03 and its two-hundred day moving average is $14.73. The company has a market capitalization of $791.73 million, a P/E ratio of 17.41 and a beta of 2.38. ODDITY Tech Ltd. has a 52 week low of $9.25 and a 52 week high of $64.23.

Hedge Funds Weigh In On ODDITY Tech

Hedge funds and other institutional investors have recently modified their holdings of the stock. K5 Global Advisor LLC purchased a new position in shares of ODDITY Tech in the second quarter worth $375,000. California State Teachers Retirement System lifted its stake in ODDITY Tech by 1,432.4% in the second quarter. California State Teachers Retirement System now owns 664,752 shares of the company’s stock worth $10,058,000 after acquiring an additional 621,371 shares during the last quarter. Sigma Planning Corp grew its position in shares of ODDITY Tech by 37.7% during the second quarter. Sigma Planning Corp now owns 14,510 shares of the company’s stock worth $220,000 after acquiring an additional 3,975 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in ODDITY Tech during the 2nd quarter worth $300,000. Finally, Avidity Partners Management LP acquired a new position in ODDITY Tech in the first quarter valued at $937,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ODD. Morgan Stanley reduced their price target 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 research note on Tuesday, June 2nd. Truist Financial upped their target price on ODDITY Tech from $12.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, September 1st. The Goldman Sachs Group downgraded ODDITY Tech from a “hold” rating to a “sell” rating and cut their price target for the company from $16.00 to $8.00 in a report on Wednesday, June 3rd. Finally, KeyCorp reissued a “sector weight” rating on shares of ODDITY Tech in a research report on Wednesday, June 3rd. Nine investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $25.75.

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.