ODDITY Tech (NASDAQ:ODD) CFO Sells $116,449.53 in Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Drucker sold 7,717 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $15.09, for a total value of $116,449.53. Following the transaction, the chief financial officer directly owned 116,135 shares of the company’s stock, valued at approximately $1,752,477.15. This trade represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value 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 value 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 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 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 shares were 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 shares were sold at an average price of $15.09, for a total transaction of $1,653,894.18.

ODDITY Tech Price Performance

Shares of NASDAQ:ODD opened at $13.75 on Friday. The firm has a market capitalization of $791.73 million, a PE ratio of 17.41 and a beta of 2.38. 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 company has a 50-day moving average price of $15.03 and a two-hundred day moving average price of $14.73. ODDITY Tech Ltd. has a twelve month low of $9.25 and a twelve month high of $64.23.

Analyst Upgrades and Downgrades

ODD has been the subject of several analyst reports. Barclays cut their price objective on shares of ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, June 3rd. Morgan Stanley dropped their target price on ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. The Goldman Sachs Group lowered ODDITY Tech from a “hold” rating to a “sell” rating and cut their price target for the stock from $16.00 to $8.00 in a report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “hold” rating and issued a $10.25 price target on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Finally, Truist Financial boosted their price objective on ODDITY Tech from $12.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, September 1st. Nine research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $25.75.

Institutional Trading of ODDITY Tech

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wexford Capital LP bought a new position in ODDITY Tech in the 3rd quarter valued at $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of ODDITY Tech by 134.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock worth $69,000 after purchasing an additional 651 shares during the period. Legal & General Group Plc purchased a new stake in shares of ODDITY Tech in the second quarter worth $71,000. SG Americas Securities LLC purchased a new stake in shares of ODDITY Tech in the first quarter worth $104,000. Finally, Headlands Technologies LLC purchased a new stake in shares of ODDITY Tech in the second quarter worth $108,000. Institutional investors own 35.88% of the company’s stock.

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.