ODDITY Tech (NASDAQ:ODD) CFO Sells $326,584.94 in Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 21,571 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $15.14, for a total transaction of $326,584.94. Following the sale, the chief financial officer directly owned 104,492 shares of the company’s stock, valued at approximately $1,582,008.88. This trade represents a 17.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, August 31st, Mann Lindsay Drucker sold 12,286 shares of ODDITY Tech stock. The shares were sold at an average price of $14.27, for a total transaction of $175,321.22.
• On Thursday, August 27th, Mann Lindsay Drucker sold 5,503 shares of ODDITY Tech stock. The stock was sold at an average price of $15.00, for a total transaction of $82,545.00.
• On Wednesday, August 26th, Mann Lindsay Drucker sold 3,493 shares of ODDITY Tech stock. The stock was sold at an average price of $15.01, for a total transaction of $52,429.93.
• On Wednesday, August 5th, Mann Lindsay 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 Lindsay 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 Stock Performance

Shares of NASDAQ ODD opened at $14.49 on Thursday. The company has a market cap of $834.33 million, a P/E ratio of 18.34 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. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06. The firm’s fifty day moving average is $15.04 and its two-hundred day moving average is $14.83.

ODDITY Tech (NASDAQ:ODD) last released its quarterly earnings data 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 net margin of 6.97% and a return on equity of 15.38%. The company had revenue of $197.94 million for the quarter, compared to the consensus estimate of $187.87 million. During the same period last year, the company earned $0.69 EPS. The firm’s revenue for the quarter was down 26.2% on a year-over-year basis. As a group, analysts anticipate that ODDITY Tech Ltd. will post -0.55 EPS for the current fiscal year.

Institutional Trading of ODDITY Tech

A number of institutional investors have recently bought and sold shares of ODD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in ODDITY Tech by 16.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,117 shares of the company’s stock valued at $3,293,000 after acquiring an additional 10,582 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of ODDITY Tech by 12.9% in the 2nd quarter. Geode Capital Management LLC now owns 75,063 shares of the company’s stock worth $5,660,000 after acquiring an additional 8,561 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of ODDITY Tech in the 2nd quarter worth about $71,000. American Century Companies Inc. lifted its holdings in shares of ODDITY Tech by 17.3% in the 2nd quarter. American Century Companies Inc. now owns 14,300 shares of the company’s stock worth $1,079,000 after acquiring an additional 2,105 shares during the last quarter. Finally, Invesco Ltd. purchased a new position in shares of ODDITY Tech during the 2nd quarter worth about $327,000. 35.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on ODD. Barclays reduced their price objective on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 3rd. Zacks Research raised shares of ODDITY Tech from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Morgan Stanley reduced their price target on shares of 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. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.25 price target on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Finally, Truist Financial increased their price objective on shares of ODDITY Tech from $12.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday. 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 company has a consensus rating of “Reduce” and an average price target 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.