ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 809 Shares

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Drucker sold 809 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $15.01, for a total value of $12,143.09. Following the completion of the transaction, the chief financial officer owned 116,135 shares of the company’s stock, valued at approximately $1,743,186.35. This represents a 0.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Mann Drucker sold 7,717 shares of ODDITY Tech stock. The stock was sold at an average price of $15.09, for a total transaction of $116,449.53.
• On Monday, August 31st, Mann 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 Drucker sold 5,503 shares of ODDITY Tech stock. The shares were sold at an average price of $15.00, for a total transaction of $82,545.00.
• On Friday, August 28th, Mann Drucker sold 21,571 shares of ODDITY Tech stock. The shares were sold at an average price of $15.14, for a total transaction of $326,584.94.
• On Wednesday, August 26th, Mann 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 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 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 Down 2.5%

ODD opened at $14.13 on Friday. The company has a fifty day moving average price of $15.06 and a 200-day moving average price of $14.74. The firm has a market capitalization of $813.61 million, a P/E ratio of 17.89 and a beta of 2.38. The company has a debt-to-equity ratio of 1.96, a current ratio of 4.06 and a quick ratio of 2.86. ODDITY Tech Ltd. has a one year low of $9.25 and a one year high of $64.23.

ODDITY Tech (NASDAQ:ODD) last issued 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). The business had revenue of $197.94 million during the quarter, compared to analysts’ expectations of $187.87 million. ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The company’s quarterly revenue was down 26.2% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. Equities research analysts expect that ODDITY Tech Ltd. will post -0.55 earnings per share for the current fiscal year.

Institutional Trading of ODDITY Tech

A number of hedge funds have recently bought and sold shares of ODD. Janus Henderson Group PLC grew its position in 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 acquiring an additional 1,296,551 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of ODDITY Tech by 1,432.4% in the 2nd quarter. California State Teachers Retirement System now owns 664,752 shares of the company’s stock worth $10,058,000 after acquiring an additional 621,371 shares during the last quarter. Morgan Stanley lifted its holdings in shares of ODDITY Tech by 13.9% in the 4th 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 last quarter. Wellington Management Group LLP purchased a new stake in shares of ODDITY Tech in the 3rd quarter valued at $27,838,000. Finally, Altshuler Shaham Ltd boosted its stake in shares of ODDITY Tech by 364.7% in the 4th quarter. Altshuler Shaham Ltd now owns 500,714 shares of the company’s stock valued at $20,119,000 after purchasing an additional 392,967 shares in the last quarter. Institutional investors own 35.88% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ODD shares. Barclays dropped their price target on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, June 3rd. Truist Financial lifted their target price on shares of ODDITY Tech from $12.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday. Jefferies Financial Group reissued a “hold” rating and issued a $10.25 price target on shares of ODDITY Tech in a report on Tuesday, June 2nd. Needham & Company LLC restated a “hold” rating on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of ODDITY Tech in a report on Wednesday, June 3rd. Nine research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $25.75.

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.