Mann Lindsay Drucker Sells 21,571 Shares of ODDITY Tech (NASDAQ:ODD) Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 21,571 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $15.14, for a total transaction of $326,584.94. Following the completion of the sale, the chief financial officer 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $14.27, for a total value of $175,321.22.
• On Thursday, August 27th, Mann Lindsay Drucker sold 5,503 shares of ODDITY Tech stock. The shares were sold at an average price of $15.00, for a total value of $82,545.00.
• On Wednesday, August 26th, Mann Lindsay Drucker sold 3,493 shares of ODDITY Tech stock. The shares were sold at an average price of $15.01, for a total value of $52,429.93.
• 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 value 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 value of $1,653,894.18.

ODDITY Tech Stock Down 1.8%

Shares of ODD stock opened at $14.14 on Wednesday. The stock’s fifty day moving average price is $15.00 and its 200 day moving average price is $14.93. ODDITY Tech Ltd. has a 1-year low of $9.25 and a 1-year high of $64.23. The company has a market cap of $814.18 million, a price-to-earnings ratio of 17.90 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 (NASDAQ:ODD) last released its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.17) 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 business had revenue of $197.94 million during the quarter, compared to analysts’ expectations of $187.87 million. During the same quarter last year, the business posted $0.69 earnings per share. The company’s quarterly revenue was down 26.2% compared to the same quarter last year. On average, research analysts expect that ODDITY Tech Ltd. will post -0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on ODD shares. KeyCorp reiterated a “sector weight” rating on shares of ODDITY Tech in a research note on Wednesday, June 3rd. Truist Financial raised their price target on shares of ODDITY Tech from $12.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday. Morgan Stanley lowered their price objective on shares of ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating for the company 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 note on Tuesday, August 4th. Finally, The Goldman Sachs Group lowered shares of ODDITY Tech from a “hold” rating to a “sell” rating and dropped their price objective for the company from $16.00 to $8.00 in a report on Wednesday, June 3rd. Nine research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, ODDITY Tech currently has a consensus rating of “Reduce” and an average price target of $25.75.

Institutional Investors Weigh In On ODDITY Tech

A number of large investors have recently bought and sold shares of ODD. Wexford Capital LP acquired a new position in ODDITY Tech in the 3rd quarter worth approximately $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 valued at $69,000 after acquiring an additional 651 shares during the period. Legal & General Group Plc purchased a new stake in shares of ODDITY Tech in the 2nd quarter valued at $71,000. SG Americas Securities LLC purchased a new stake in shares of ODDITY Tech in the 1st quarter valued at $104,000. Finally, Headlands Technologies LLC acquired a new stake in shares of ODDITY Tech in the second quarter worth $108,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

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.