ODDITY Tech (NASDAQ:ODD) CFO Sells $175,321.22 in Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 12,286 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $14.27, for a total transaction of $175,321.22. Following the sale, the chief financial officer directly owned 116,135 shares of the company’s stock, valued at approximately $1,657,246.45. This represents a 9.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 Thursday, August 27th, Mann Lindsay Drucker sold 5,503 shares of ODDITY Tech stock. The shares were sold at an average price of $15.00, for a total transaction of $82,545.00.
• On Friday, August 28th, Mann Lindsay Drucker sold 21,571 shares of ODDITY Tech stock. The shares were sold at an average price of $15.14, for a total transaction of $326,584.94.
• On Wednesday, August 26th, Mann Lindsay Drucker sold 3,493 shares of ODDITY Tech stock. The shares were sold at an average price of $15.01, for a total value of $52,429.93.
• On Wednesday, August 5th, Mann Lindsay 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 Lindsay 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 Price Performance

Shares of NASDAQ:ODD opened at $14.49 on Thursday. The business has a 50 day moving average price of $15.04 and a 200 day moving average price of $14.83. ODDITY Tech Ltd. has a twelve month low of $9.25 and a twelve month high of $64.23. The company has a market cap of $834.33 million, a price-to-earnings ratio of 18.34 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.

ODDITY Tech (NASDAQ:ODD) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The business had revenue of $197.94 million during the quarter, compared to the consensus estimate of $187.87 million. During the same period in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was down 26.2% on a year-over-year basis. Research analysts predict that ODDITY Tech Ltd. will post -0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ODD has been the topic of several research analyst reports. Jefferies Financial Group restated a “hold” rating and set a $10.25 target price on shares of ODDITY Tech in a report on Tuesday, June 2nd. Barclays lowered their price objective on shares of ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, June 3rd. KeyCorp restated a “sector weight” rating on shares of ODDITY Tech in a report on Wednesday, June 3rd. Zacks Research raised shares of ODDITY Tech from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of ODDITY Tech in a report on Tuesday, June 2nd. Nine investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $25.75.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Wexford Capital LP acquired a new position in shares of ODDITY Tech during the 3rd quarter worth $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of ODDITY Tech by 134.8% in the 3rd 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 bought a new stake in ODDITY Tech during the second quarter valued at $71,000. SG Americas Securities LLC bought a new stake in shares of ODDITY Tech during the 1st quarter valued at about $104,000. Finally, Headlands Technologies LLC bought a new position in shares of ODDITY Tech during the 2nd quarter worth approximately $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.