Insider Selling: ODDITY Tech (NASDAQ:ODD) CFO Sells 7,717 Shares

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Drucker sold 7,717 shares of ODDITY Tech stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $15.09, for a total value of $116,449.53. Following the sale, the chief financial officer owned 116,135 shares of the company’s stock, valued at approximately $1,752,477.15. This represents a 6.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 3rd, Mann Drucker sold 809 shares of ODDITY Tech stock. The shares were sold at an average price of $15.01, for a total transaction of $12,143.09.
• On Monday, August 31st, Mann Drucker sold 12,286 shares of ODDITY Tech stock. The stock was 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 stock was 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 stock was 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 shares were 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 shares were 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 Trading Down 2.5%

NASDAQ ODD traded down $0.36 during mid-day trading on Thursday, reaching $14.13. 674,934 shares of the stock were exchanged, compared to its average volume of 811,573. ODDITY Tech Ltd. has a 1-year low of $9.25 and a 1-year high of $64.23. The business’s fifty day simple moving average is $15.06 and its 200 day simple moving average is $14.74. The stock has a market capitalization of $813.61 million, a PE ratio of 17.89 and a beta of 2.38. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06.

ODDITY Tech (NASDAQ:ODD) last released its earnings results on Tuesday, June 2nd. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The firm 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 firm’s revenue was down 26.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. On average, research analysts anticipate that ODDITY Tech Ltd. will post -0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ODDITY Tech

Hedge funds have recently made changes to their positions in the stock. Wexford Capital LP purchased a new stake in shares of ODDITY Tech during the 3rd quarter valued at $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in ODDITY Tech by 134.8% in the third 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 last quarter. USS Investment Management Ltd boosted its holdings in ODDITY Tech by 5.3% in the fourth quarter. USS Investment Management Ltd now owns 13,753 shares of the company’s stock valued at $552,000 after acquiring an additional 695 shares during the last quarter. California State Teachers Retirement System grew its position in ODDITY Tech by 2.0% during the fourth quarter. California State Teachers Retirement System now owns 43,532 shares of the company’s stock valued at $1,749,000 after acquiring an additional 870 shares during the period. Finally, Entropy Technologies LP grew its position in ODDITY Tech by 10.0% during the third quarter. Entropy Technologies LP now owns 9,900 shares of the company’s stock valued at $617,000 after acquiring an additional 900 shares during the period. Institutional investors and hedge funds own 35.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ODD. Morgan Stanley decreased their price objective on ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “hold” rating and issued a $10.25 target price on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Zacks Research upgraded ODDITY Tech from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. KeyCorp reissued a “sector weight” rating on shares of ODDITY Tech in a research note on Wednesday, June 3rd. Finally, The Goldman Sachs Group cut ODDITY Tech from a “hold” rating to a “sell” rating and lowered their price target for the company from $16.00 to $8.00 in a report on Wednesday, June 3rd. Nine equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price 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.