ODDITY Tech Ltd. $ODD Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd reduced its position in shares of ODDITY Tech Ltd. (NASDAQ:ODD) by 62.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 220,300 shares of the company’s stock after selling 370,000 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in ODDITY Tech were worth $2,948,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wexford Capital LP acquired a new position in shares of ODDITY Tech during the third quarter worth $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 buying an additional 651 shares in the last quarter. Legal & General Group Plc purchased a new stake in ODDITY Tech during the 2nd quarter worth about $71,000. SG Americas Securities LLC purchased a new stake in ODDITY Tech during the 1st quarter worth about $104,000. Finally, Headlands Technologies LLC acquired a new position in shares of ODDITY Tech during the 2nd quarter worth about $108,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Mann Lindsay Drucker sold 109,602 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $15.09, for a total value of $1,653,894.18. Following the completion of the sale, the chief financial officer directly owned 77,709 shares of the company’s stock, valued at approximately $1,172,628.81. This represents a 58.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 128,805 shares of company stock valued at $1,932,910 in the last three months.

Analyst Ratings Changes

ODD has been the topic of a number of recent analyst reports. Wall Street Zen downgraded ODDITY Tech from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th. Truist Financial decreased 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 reaffirmed a “sector weight” rating on shares of ODDITY Tech in a report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “hold” rating and issued a $10.25 price target on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of ODDITY Tech in a report on Tuesday, June 2nd. Eight equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $25.39.

ODDITY Tech Stock Down 0.4%

ODD opened at $16.22 on Wednesday. ODDITY Tech Ltd. has a one year low of $9.25 and a one year high of $75.45. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06. The stock has a market capitalization of $933.87 million, a P/E ratio of 20.53 and a beta of 2.37. The business’s 50-day simple moving average is $13.61 and its 200-day simple moving average is $19.20.

ODDITY Tech (NASDAQ:ODD) last announced its earnings results 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 firm had revenue of $197.94 million during the quarter, compared to analyst estimates of $187.87 million. ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The firm’s revenue for the quarter was down 26.2% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. Analysts anticipate that ODDITY Tech Ltd. will post -0.55 EPS for the current year.

ODDITY Tech 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.