Mann Lindsay Drucker Sells 809 Shares of ODDITY Tech (NASDAQ:ODD) Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Drucker sold 809 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $15.01, for a total value of $12,143.09. Following the transaction, the chief financial officer directly owned 116,135 shares of the company’s stock, valued at approximately $1,743,186.35. This trade represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Mann Drucker sold 7,717 shares of ODDITY Tech stock. The stock was sold at an average price of $15.09, for a total value of $116,449.53.
• On Monday, August 31st, Mann Drucker sold 12,286 shares of ODDITY Tech stock. The shares were sold at an average price of $14.27, for a total value of $175,321.22.
• On Thursday, August 27th, Mann 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 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 value of $326,584.94.
• On Wednesday, August 26th, Mann Drucker sold 3,493 shares of ODDITY Tech stock. The stock was sold at an average price of $15.01, for a total value 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 value 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 value of $1,653,894.18.

ODDITY Tech Price Performance

NASDAQ ODD opened at $13.75 on Friday. The company has a quick ratio of 2.86, a current ratio of 4.06 and a debt-to-equity ratio of 1.96. The company has a market cap of $791.73 million, a PE ratio of 17.41 and a beta of 2.38. ODDITY Tech Ltd. has a 52 week low of $9.25 and a 52 week high of $64.23. The firm’s 50-day simple moving average is $15.03 and its two-hundred day simple moving average is $14.73.

ODDITY Tech (NASDAQ:ODD) last posted its earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share 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 return on equity of 15.38% and a net margin of 6.97%.ODDITY Tech’s revenue for the quarter was down 26.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. Research analysts predict that ODDITY Tech Ltd. will post -0.55 earnings per share for the current year.

Institutional Investors Weigh In On ODDITY Tech

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. K5 Global Advisor LLC bought a new stake in ODDITY Tech during the second quarter valued at approximately $375,000. California State Teachers Retirement System raised its position in shares of ODDITY Tech by 1,432.4% during the 2nd quarter. California State Teachers Retirement System now owns 664,752 shares of the company’s stock valued at $10,058,000 after buying an additional 621,371 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of ODDITY Tech by 37.7% during the 2nd quarter. Sigma Planning Corp now owns 14,510 shares of the company’s stock worth $220,000 after acquiring an additional 3,975 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of ODDITY Tech during the 2nd quarter worth $300,000. Finally, Avidity Partners Management LP purchased a new position in ODDITY Tech in the first quarter worth $937,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ODD. Truist Financial raised their price target on ODDITY Tech from $12.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday. Zacks Research upgraded ODDITY Tech from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Barclays dropped their price objective on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, June 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of ODDITY Tech in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $10.25 price target on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Nine research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target 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.