Insider Selling: ODDITY Tech (NASDAQ:ODD) CFO Sells $129,064.32 in Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 9,603 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 77,709 shares in the company, valued at $1,044,408.96. This trade represents a 11.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Performance

NASDAQ:ODD opened at $10.25 on Thursday. The firm has a market capitalization of $590.20 million, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.29 and a beta of 2.47. The business’s fifty day moving average price is $13.81 and its 200 day moving average price is $25.81. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.24 and a quick ratio of 4.06. ODDITY Tech Ltd. has a 12 month low of $9.25 and a 12 month high of $78.28.

ODDITY Tech (NASDAQ:ODD) last posted 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 business had revenue of $197.94 million during the quarter, compared to analysts’ expectations of $187.87 million. ODDITY Tech had a net margin of 6.97% and a return on equity of 14.59%. The business’s quarterly revenue was down 26.2% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. On average, sell-side analysts anticipate that ODDITY Tech Ltd. will post 0.64 earnings per share for the current fiscal year.

More ODDITY Tech News

Here are the key news stories impacting ODDITY Tech this week:

• Negative Sentiment: Goldman Sachs reaffirmed its sell rating and cut its price target on ODDITY Tech to $8 from $16, signaling meaningful downside from current levels. Benzinga
• Negative Sentiment: Morgan Stanley lowered its target to $10 from $16 and moved to equal weight, reinforcing the view that the stock may be fairly valued at best after the earnings reset. Benzinga
• Negative Sentiment: Truist cut its price target to $12 from $18, keeping a hold rating as analysts continue to trim expectations following the quarter. Benzinga

Hedge Funds Weigh In On ODDITY Tech

A number of hedge funds and other institutional investors have recently made changes to their positions in ODD. Janus Henderson Group PLC grew its holdings 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 buying an additional 1,296,551 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of ODDITY Tech by 17.8% during the fourth quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock worth $286,188,000 after buying an additional 1,076,921 shares during the last quarter. Morgan Stanley grew 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 buying an additional 525,481 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of ODDITY Tech during the third quarter worth about $27,838,000. Finally, Altshuler Shaham Ltd grew its holdings in shares of ODDITY Tech by 364.7% during the fourth quarter. Altshuler Shaham Ltd now owns 500,714 shares of the company’s stock worth $20,119,000 after buying an additional 392,967 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.25 price objective on shares of ODDITY Tech in a report on Tuesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $16.00 price objective (down from $59.00) on shares of ODDITY Tech in a report on Thursday, February 26th. Bank of America lowered ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 price objective on the stock. in a report on Thursday, February 26th. Weiss Ratings lowered ODDITY Tech from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 3rd. Finally, Evercore lowered ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 price objective on the stock. in a report on Thursday, February 26th. Nine analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $25.39.

About ODDITY Tech

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.