Insider Selling: ODDITY Tech (NASDAQ:ODD) CFO Sells $326,584.94 in Stock

Key Points

• ODDITY Tech CFO Mann Lindsay Drucker sold 21,571 shares for $326,584.94 at an average price of $15.14, reducing direct ownership by 17.11% to 104,492 shares. The sale was conducted under a Rule 10b5-1 plan to cover tax withholding on vested equity awards.
• The CFO has made several additional sales recently, including 12,286 shares on August 31 and 109,602 shares on June 30, indicating substantial insider selling activity.
• ODD shares traded at $14.40, while the company’s latest quarter showed a wider-than-expected EPS loss and a 26.2% year-over-year revenue decline. Analysts’ consensus rating is “Reduce,” despite an average price target of $25.39.

ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) CFO Mann Lindsay Drucker sold 21,571 shares of the business's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $15.14, for a total transaction of $326,584.94. Following the completion of the transaction, the chief financial officer directly owned 104,492 shares of the company's stock, valued at approximately $1,582,008.88. This represents a 17.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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.

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

• On Monday, August 31st, Mann Lindsay Drucker sold 12,286 shares of ODDITY Tech stock. The shares were sold at an average price of $14.27, for a total transaction of $175,321.22.
• On Thursday, August 27th, Mann Lindsay 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 Wednesday, August 26th, Mann Lindsay Drucker sold 3,493 shares of ODDITY Tech stock. The stock was sold at an average price of $15.01, for a total transaction of $52,429.93.
• On Wednesday, August 5th, Mann Lindsay Drucker sold 11,473 shares of ODDITY Tech stock. The stock was sold at an average price of $15.10, for a total value of $173,242.30.
• On Tuesday, June 30th, Mann Lindsay 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 Trading Up 0.3%

Shares of NASDAQ ODD traded up $0.05 during midday trading on Monday, hitting $14.40. The stock had a trading volume of 1,074,436 shares, compared to its average volume of 791,154. The company's 50-day simple moving average is $14.98 and its 200 day simple moving average is $15.03. The firm has a market cap of $829.15 million, a P/E ratio of 18.23 and a beta of 2.38. ODDITY Tech Ltd. has a fifty-two week low of $9.25 and a fifty-two week high of $64.23. 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 (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.13). ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The firm had revenue of $197.94 million during the quarter, compared to the consensus estimate of $187.87 million. During the same quarter in the prior year, the business earned $0.69 EPS. ODDITY Tech's revenue was down 26.2% on a year-over-year basis. Research analysts anticipate that ODDITY Tech Ltd. will post -0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on ODD shares. Needham & Company LLC reiterated a "hold" rating on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Barclays decreased their price objective on ODDITY Tech from $13.00 to $8.00 and set an "underweight" rating for the company in a research note on Wednesday, June 3rd. Zacks Research upgraded ODDITY Tech from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Morgan Stanley cut their target price on ODDITY Tech from $16.00 to $10.00 and set an "equal weight" rating on the stock 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 reduced their target price for the stock from $16.00 to $8.00 in a report on Wednesday, June 3rd. Nine analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, ODDITY Tech currently has a consensus rating of "Reduce" and an average price target of $25.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its stake in ODDITY Tech by 115.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,423,917 shares of the company's stock worth $97,379,000 after purchasing an additional 1,296,551 shares in the last quarter. California State Teachers Retirement System lifted its stake in ODDITY Tech by 1,432.4% in the second 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. Morgan Stanley boosted its holdings in shares of ODDITY Tech by 13.9% in the fourth quarter. Morgan Stanley now owns 4,305,565 shares of the company's stock valued at $172,998,000 after buying an additional 525,481 shares during the period. Wellington Management Group LLP acquired a new stake in shares of ODDITY Tech in the 3rd quarter valued at about $27,838,000. Finally, Altshuler Shaham Ltd raised its stake in shares of ODDITY Tech by 364.7% in the 4th quarter. Altshuler Shaham Ltd now owns 500,714 shares of the company's stock valued at $20,119,000 after purchasing an additional 392,967 shares during the period. 35.88% of the stock is currently owned by institutional investors.

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.

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