ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 3,493 Shares

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 3,493 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $15.01, for a total transaction of $52,429.93. Following the transaction, the chief financial officer directly owned 104,492 shares of the company’s stock, valued at approximately $1,568,424.92. This trade represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mann Lindsay Drucker also recently made the following trade(s):

• 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 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.
• On Monday, June 1st, Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock. The shares were sold at an average price of $13.44, for a total transaction of $129,064.32.

ODDITY Tech Trading Up 3.2%

ODDITY Tech stock opened at $14.99 on Friday. ODDITY Tech Ltd. has a 52-week low of $9.25 and a 52-week high of $64.23. 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 firm has a market capitalization of $863.12 million, a price-to-earnings ratio of 18.97 and a beta of 2.38. The firm has a 50-day moving average price of $14.91 and a two-hundred day moving average price of $15.25.

ODDITY Tech (NASDAQ:ODD) last announced 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). The firm had revenue of $197.94 million during the quarter, compared to analyst estimates of $187.87 million. ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. ODDITY Tech’s revenue for the quarter was down 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. Sell-side analysts expect that ODDITY Tech Ltd. will post -0.55 earnings per share for the current year.

Institutional Investors Weigh In On ODDITY Tech

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wexford Capital LP acquired a new position in shares of ODDITY Tech in the 3rd quarter worth approximately $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of ODDITY Tech by 134.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock worth $69,000 after acquiring an additional 651 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of ODDITY Tech in the 2nd quarter worth $71,000. SG Americas Securities LLC acquired a new position in shares of ODDITY Tech in the 1st quarter worth $104,000. Finally, Headlands Technologies LLC acquired a new stake in shares of ODDITY Tech during the second quarter worth $108,000. 35.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ODD has been the topic of a number of research analyst reports. Barclays lowered their price target on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, June 3rd. KeyCorp reiterated a “sector weight” rating on shares of ODDITY Tech in a research report on Wednesday, June 3rd. Morgan Stanley lowered their target price on shares of 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. Zacks Research upgraded shares of ODDITY Tech from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group lowered shares of ODDITY Tech from a “hold” rating to a “sell” rating and reduced their price target for the stock from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Nine analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $25.39.

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.