Mann Lindsay Drucker Sells 109,602 Shares of ODDITY Tech (NASDAQ:ODD) Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 109,602 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $15.09, for a total transaction of $1,653,894.18. Following the transaction, the chief financial officer owned 77,709 shares of the company’s stock, valued at approximately $1,172,628.81. The trade was a 58.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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, June 1st, Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock. The stock was sold at an average price of $13.44, for a total transaction of $129,064.32.
• 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 transaction of $149,952.00.

ODDITY Tech Stock Performance

Shares of ODDITY Tech stock traded up $1.63 on Wednesday, reaching $16.76. 855,729 shares of the company traded hands, compared to its average volume of 1,929,587. The company has a 50 day moving average of $13.02 and a 200 day moving average of $21.85. 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 Ltd. has a 52 week low of $9.25 and a 52 week high of $77.83. The firm has a market capitalization of $964.98 million, a PE ratio of 21.23 and a beta of 2.47.

ODDITY Tech (NASDAQ:ODD) last posted 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 return on equity of 15.38% and a net margin of 6.97%.The company had revenue of $197.94 million during the quarter, compared to the consensus estimate of $187.87 million. During the same period last year, the firm posted $0.69 EPS. The company’s revenue for the quarter was down 26.2% compared to the same quarter last year. Equities analysts forecast that ODDITY Tech Ltd. will post -0.46 earnings per share for the current year.

Hedge Funds Weigh In On ODDITY Tech

Hedge funds have recently made changes to their positions in the stock. Bamco Inc. NY lifted its holdings in ODDITY Tech by 11.3% in the third quarter. Bamco Inc. NY now owns 1,376,781 shares of the company’s stock valued at $85,773,000 after acquiring an additional 139,348 shares during the period. Baillie Gifford & Co. grew its stake in shares of ODDITY Tech by 17.8% during the 4th quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock valued at $286,188,000 after purchasing an additional 1,076,921 shares during the period. Granahan Investment Management LLC increased its position in shares of ODDITY Tech by 11.1% during the 3rd quarter. Granahan Investment Management LLC now owns 1,506,457 shares of the company’s stock valued at $93,852,000 after purchasing an additional 151,110 shares during the last quarter. Peregrine Capital Management LLC lifted its stake in shares of ODDITY Tech by 31.2% in the 4th quarter. Peregrine Capital Management LLC now owns 190,485 shares of the company’s stock worth $7,654,000 after purchasing an additional 45,253 shares during the period. Finally, Penn Capital Management Company LLC grew its position in ODDITY Tech by 20.9% during the third quarter. Penn Capital Management Company LLC now owns 210,290 shares of the company’s stock valued at $13,134,000 after buying an additional 36,330 shares during the period. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ODD has been the subject of several research reports. Weiss Ratings downgraded ODDITY Tech from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 3rd. Wall Street Zen downgraded shares of ODDITY Tech from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th. Truist Financial cut their target price on shares of ODDITY Tech from $18.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, June 3rd. Barclays reduced their target price on shares of ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, June 3rd. Finally, Zacks Research lowered shares of ODDITY Tech from a “hold” rating to a “strong sell” rating in a research report on Monday. Eight research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price 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.