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

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $13.44, for a total transaction of $129,064.32. Following the transaction, the chief financial officer directly owned 77,709 shares of the company’s stock, valued at approximately $1,044,408.96. This trade represents a 11.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 shares were sold at an average price of $15.62, for a total transaction of $149,952.00.
• On Tuesday, March 31st, Mann Lindsay Drucker sold 9,604 shares of ODDITY Tech stock. The shares were sold at an average price of $12.85, for a total transaction of $123,411.40.

ODDITY Tech Trading Up 3.5%

Shares of NASDAQ ODD opened at $13.98 on Tuesday. ODDITY Tech Ltd. has a 1 year low of $10.80 and a 1 year high of $79.18. The stock has a market cap of $804.97 million, a P/E ratio of 7.77, a price-to-earnings-growth ratio of 1.77 and a beta of 2.48. The firm has a 50-day moving average of $13.96 and a 200 day moving average of $26.24. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.24 and a quick ratio of 4.06.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ODD. Needham & Company LLC cut shares of ODDITY Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Wall Street Zen cut shares of ODDITY Tech from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th. Barclays reaffirmed an “underweight” rating and issued a $13.00 target price (down from $40.00) on shares of ODDITY Tech in a report on Thursday, February 26th. Jefferies Financial Group cut shares of ODDITY Tech from a “buy” rating to a “hold” rating and decreased their target price for the stock from $64.00 to $18.00 in a report on Wednesday, February 25th. Finally, The Goldman Sachs Group decreased their target price on shares of ODDITY Tech from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $31.36.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ODD. Wexford Capital LP purchased a new position in shares of ODDITY Tech during the third quarter valued at approximately $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 purchased a new position in shares of ODDITY Tech during the second quarter valued at approximately $71,000. Quaker Wealth Management LLC raised its holdings in shares of 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 bought a new stake in ODDITY Tech during the first quarter valued at approximately $104,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

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.