ODDITY Tech (NASDAQ:ODD) CFO Sells $173,242.30 in Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 11,473 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $15.10, for a total value of $173,242.30. Following the sale, the chief financial officer owned 104,492 shares of the company’s stock, valued at approximately $1,577,829.20. This represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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.
• On Monday, June 1st, Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock. The stock was sold at an average price of $13.44, for a total transaction of $129,064.32.

ODDITY Tech Stock Performance

ODD opened at $14.12 on Friday. The company has a current ratio of 4.06, a quick ratio of 2.86 and a debt-to-equity ratio of 1.96. The company has a market cap of $813.03 million, a price-to-earnings ratio of 17.87 and a beta of 2.38. The company’s 50 day moving average is $14.32 and its 200 day moving average is $17.35. ODDITY Tech Ltd. has a 12-month low of $9.25 and a 12-month high of $64.23.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $10.25 target price on shares of ODDITY Tech in a report on Tuesday, June 2nd. KeyCorp restated a “sector weight” rating on shares of ODDITY Tech in a research report on Wednesday, June 3rd. Morgan Stanley decreased their price objective on ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Barclays lowered their price objective on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 3rd. Finally, Truist Financial cut their price objective on ODDITY Tech from $18.00 to $12.00 and set a “hold” rating for the company in a research note on Wednesday, June 3rd. Nine analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $25.39.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 period. Geode Capital Management LLC boosted its stake in shares of ODDITY Tech by 12.9% in the second 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 period. Legal & General Group Plc bought a new position in shares of ODDITY Tech in the second quarter worth about $71,000. American Century Companies Inc. grew its position in shares of ODDITY Tech by 17.3% during the second quarter. American Century Companies Inc. now owns 14,300 shares of the company’s stock worth $1,079,000 after purchasing an additional 2,105 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in ODDITY Tech during the 2nd quarter valued at approximately $327,000. 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.