ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 9,603 Shares

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 9,603 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $13.44, for a total value of $129,064.32. Following the sale, the chief financial officer owned 77,709 shares of the company’s stock, valued at approximately $1,044,408.96. The trade was a 11.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 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 value of $149,952.00.
• On Tuesday, March 31st, Mann Lindsay Drucker sold 9,604 shares of ODDITY Tech stock. The stock was sold at an average price of $12.85, for a total value of $123,411.40.

ODDITY Tech Trading Up 3.5%

Shares of ODD stock traded up $0.47 on Monday, reaching $13.98. 1,974,789 shares of the stock were exchanged, compared to its average volume of 1,263,416. The stock has a market cap of $804.97 million, a PE ratio of 7.77, a P/E/G ratio of 1.77 and a beta of 2.48. ODDITY Tech Ltd. has a one year low of $10.80 and a one year high of $79.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.24 and a quick ratio of 4.06. The stock has a 50 day moving average price of $13.96 and a 200 day moving average price of $26.24.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Wexford Capital LP bought a new position in shares of ODDITY Tech during the third quarter worth about $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 valued at $69,000 after purchasing an additional 651 shares during the last quarter. Legal & General Group Plc acquired a new position in ODDITY Tech during the second quarter valued at approximately $71,000. Quaker Wealth Management LLC boosted its position in ODDITY Tech by 530.3% during the third quarter. Quaker Wealth Management LLC now owns 1,664 shares of the company’s stock valued at $104,000 after purchasing an additional 1,400 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in ODDITY Tech during the first quarter valued at approximately $104,000. 35.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on ODD shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $16.00 target price (down from $59.00) on shares of ODDITY Tech in a research note on Thursday, February 26th. Truist Financial reissued a “hold” rating and issued a $18.00 target price (down from $80.00) on shares of ODDITY Tech in a research note on Wednesday, February 25th. Weiss Ratings lowered ODDITY Tech from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 3rd. Bank of America lowered ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 target price on the stock. in a research note on Thursday, February 26th. Finally, KeyCorp lowered their price target on ODDITY Tech from $50.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, ODDITY Tech presently has a consensus rating of “Reduce” and a consensus price target of $31.36.

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.