ODDITY Tech (NASDAQ:ODD) CFO Sells 21,571 Shares

by · The Markets Daily

ODDITY Tech Ltd. (NASDAQ:ODD – Get Free Report) CFO Mann Lindsay Drucker sold 21,571 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $15.14, for a total value of $326,584.94. Following the transaction, the chief financial officer directly owned 104,492 shares of the company’s stock, valued at approximately $1,582,008.88. This trade represents a 17.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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, August 31st, Mann Lindsay 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 Lindsay Drucker sold 5,503 shares of ODDITY Tech stock. The stock was sold at an average price of $15.00, for a total transaction of $82,545.00.
  • On Wednesday, August 26th, Mann Lindsay 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 Lindsay Drucker sold 11,473 shares of ODDITY Tech stock. The shares were 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 stock was sold at an average price of $15.09, for a total transaction of $1,653,894.18.

ODDITY Tech Stock Up 0.3%

Shares of ODDITY Tech stock traded up $0.05 during trading hours on Monday, reaching $14.40. 1,074,436 shares of the company’s stock were exchanged, compared to its average volume of 791,154. The stock has a market cap of $829.15 million, a P/E ratio of 18.23 and a beta of 2.38. The company has a 50 day moving average of $14.98 and a two-hundred day moving average of $15.03. The company has a current ratio of 4.06, a quick ratio of 2.86 and a debt-to-equity ratio of 1.96. ODDITY Tech Ltd. has a fifty-two week low of $9.25 and a fifty-two week high of $64.23.

ODDITY Tech (NASDAQ:ODD – Get Free Report) last released its earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.13). ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The company had revenue of $197.94 million for the quarter, compared to the consensus estimate of $187.87 million. During the same quarter in the previous year, the company posted $0.69 EPS. The business’s revenue was down 26.2% on a year-over-year basis. On average, sell-side analysts forecast that ODDITY Tech Ltd. will post -0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays cut their price objective on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, June 3rd. The Goldman Sachs Group downgraded shares of ODDITY Tech from a “hold” rating to a “sell” rating and cut their target price for the company from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Truist Financial reduced their target price 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. KeyCorp reissued a “sector weight” rating on shares of ODDITY Tech in a report on Wednesday, June 3rd. Finally, Morgan Stanley dropped their price target 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. Nine analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, ODDITY Tech has an average rating of “Reduce” and an average target price of $25.39.

Get Our Latest Report on ODDITY Tech

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Morgan Stanley boosted its holdings in shares of ODDITY Tech by 13.9% during 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 increased its stake 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 worth $97,379,000 after purchasing an additional 1,296,551 shares during the period. Granahan Investment Management LLC lifted its holdings in ODDITY Tech by 1.1% during the 4th quarter. Granahan Investment Management LLC now owns 1,523,204 shares of the company’s stock worth $61,202,000 after purchasing an additional 16,747 shares during the last quarter. Ashford Capital Management Inc. lifted its holdings in ODDITY Tech by 25.0% during the 4th quarter. Ashford Capital Management Inc. now owns 685,972 shares of the company’s stock worth $27,562,000 after purchasing an additional 137,380 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in 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 valued at $10,058,000 after purchasing an additional 621,371 shares during the period. 35.88% of the stock is owned by institutional investors.

About ODDITY Tech

(Get Free Report)

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.

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