ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 109,602 Shares of Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 109,602 shares of ODDITY Tech stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $15.09, for a total transaction of $1,653,894.18. Following the transaction, the chief financial officer owned 77,709 shares of the company’s stock, valued at $1,172,628.81. The trade was a 58.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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, 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 value of $129,064.32.
• On Thursday, April 30th, Mann Lindsay Drucker sold 9,600 shares of ODDITY Tech stock. The stock was sold at an average price of $15.62, for a total value of $149,952.00.

ODDITY Tech Stock Performance

ODDITY Tech stock opened at $17.01 on Thursday. ODDITY Tech Ltd. has a twelve month low of $9.25 and a twelve month high of $77.83. 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 company has a market capitalization of $979.44 million, a P/E ratio of 21.53 and a beta of 2.37. The stock’s 50 day moving average is $13.07 and its 200 day moving average is $21.66.

ODDITY Tech (NASDAQ:ODD) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.17) earnings per share (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 company had revenue of $197.94 million for the quarter, compared to analysts’ expectations of $187.87 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm’s quarterly revenue was down 26.2% compared to the same quarter last year. On average, equities research analysts predict that ODDITY Tech Ltd. will post -0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Truist Financial dropped their price target on shares of ODDITY Tech from $18.00 to $12.00 and set a “hold” rating on the stock in a research note on Wednesday, June 3rd. 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. Needham & Company LLC reiterated a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Zacks Research cut shares of ODDITY Tech from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, KeyCorp reissued a “sector weight” rating on shares of ODDITY Tech in a research report on Wednesday, June 3rd. Eight investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $25.39.

Institutional Investors Weigh In On ODDITY Tech

Institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. raised its position in ODDITY Tech by 17.8% in the 4th quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock worth $286,188,000 after buying an additional 1,076,921 shares during the last quarter. Morgan Stanley grew its stake in shares of ODDITY Tech by 13.9% in the fourth quarter. Morgan Stanley now owns 4,305,565 shares of the company’s stock worth $172,998,000 after acquiring an additional 525,481 shares during the period. Janus Henderson Group PLC raised its holdings in shares of ODDITY Tech by 115.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,423,917 shares of the company’s stock valued at $97,379,000 after purchasing an additional 1,296,551 shares during the last quarter. Granahan Investment Management LLC raised its holdings in shares of ODDITY Tech by 1.1% during the fourth quarter. Granahan Investment Management LLC now owns 1,523,204 shares of the company’s stock valued at $61,202,000 after purchasing an additional 16,747 shares during the last quarter. Finally, Bamco Inc. NY lifted its position in ODDITY Tech by 11.3% during the third quarter. Bamco Inc. NY now owns 1,376,781 shares of the company’s stock valued at $85,773,000 after purchasing an additional 139,348 shares during the period. 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.