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

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 9,603 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $13.44, for a total value of $129,064.32. Following the transaction, the chief financial officer directly owned 77,709 shares of the company’s stock, valued at $1,044,408.96. This trade represents a 11.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 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 value 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 value of $123,411.40.

ODDITY Tech Stock Up 3.5%

NASDAQ ODD traded up $0.47 during trading hours on Monday, hitting $13.98. 1,974,789 shares of the company traded hands, compared to its average volume of 1,263,416. The business’s 50-day moving average is $13.96 and its 200-day moving average is $26.24. ODDITY Tech Ltd. has a twelve month low of $10.80 and a twelve month high of $79.18. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.06 and a current ratio of 5.24. The stock has a market capitalization of $804.97 million, a price-to-earnings ratio of 7.77, a P/E/G ratio of 1.77 and a beta of 2.48.

Hedge Funds Weigh In On ODDITY Tech

Large investors have recently made changes to their positions in the company. Wexford Capital LP bought a new position in shares of ODDITY Tech during the third quarter worth approximately $40,000. Legal & General Group Plc bought a new position in shares of ODDITY Tech during the second quarter worth approximately $71,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 worth $69,000 after purchasing an additional 651 shares during the period. Headlands Technologies LLC bought a new position in ODDITY Tech during the 2nd quarter worth $108,000. Finally, Quaker Wealth Management LLC increased its stake in ODDITY Tech by 530.3% during the 3rd quarter. Quaker Wealth Management LLC now owns 1,664 shares of the company’s stock worth $104,000 after acquiring an additional 1,400 shares during the period. Institutional investors own 35.88% of the company’s stock.

Wall Street Analysts Forecast Growth

ODD has been the subject of a number of recent analyst reports. Zacks Research cut ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Citizens Jmp cut ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Truist Financial reaffirmed a “hold” rating and issued a $18.00 price objective (down from $80.00) on shares of ODDITY Tech in a research report on Wednesday, February 25th. Bank of America cut ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research report on Thursday, February 26th. Finally, Jefferies Financial Group cut ODDITY Tech from a “buy” rating to a “hold” rating and cut their price objective for the company from $64.00 to $18.00 in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $31.36.

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.