Insider Selling: ODDITY Tech (NASDAQ:ODD) CFO Sells 5,503 Shares of Stock

Key Points

• ODDITY Tech CFO Mann Lindsay Drucker sold 5,503 shares at an average price of $15, generating $82,545. The transaction occurred under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, leaving the CFO with 104,492 shares.
• The CFO has made several additional sales recently, including 12,286 shares on August 31 and 21,571 shares on August 28; aggregate reported sales in the article exceed $2.4 million.
• ODDITY Tech shares traded at $14.40, while recent analyst sentiment was cautious: nine analysts rated the stock Hold and four Sell, producing a consensus “Reduce” rating. The company also missed quarterly EPS estimates and reported a 26.2% year-over-year revenue decline.

ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) CFO Mann Lindsay Drucker sold 5,503 shares of ODDITY Tech stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $15.00, for a total value of $82,545.00. Following the completion of the sale, the chief financial officer directly owned 104,492 shares of the company's stock, valued at $1,567,380. The trade was a 5.00% decrease in their ownership of the stock. The sale was disclosed in a 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 stock was sold at an average price of $14.27, for a total value of $175,321.22.
• On Friday, August 28th, Mann Lindsay 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 Lindsay Drucker sold 3,493 shares of ODDITY Tech stock. The shares were sold at an average price of $15.01, for a total value of $52,429.93.
• On Wednesday, August 5th, Mann Lindsay 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 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%

NASDAQ:ODD traded up $0.05 on Monday, reaching $14.40. 1,074,436 shares of the company's stock were exchanged, compared to its average volume of 791,154. The firm has a market capitalization of $829.15 million, a price-to-earnings ratio of 18.23 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 company has a quick ratio of 2.86, a current ratio of 4.06 and a debt-to-equity ratio of 1.96. The business has a fifty day moving average of $14.98 and a 200-day moving average of $15.03.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.17) 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 business had revenue of $197.94 million during the quarter, compared to analysts' expectations of $187.87 million. During the same period in the previous year, the business posted $0.69 EPS. The company's revenue for the quarter was down 26.2% compared to the same quarter last year. As a group, analysts expect that ODDITY Tech Ltd. will post -0.55 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wexford Capital LP purchased a new position in shares of ODDITY Tech in the 3rd quarter valued at $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in ODDITY Tech by 134.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company's stock worth $69,000 after acquiring an additional 651 shares in the last quarter. USS Investment Management Ltd lifted its position in ODDITY Tech by 5.3% in the fourth quarter. USS Investment Management Ltd now owns 13,753 shares of the company's stock valued at $552,000 after acquiring an additional 695 shares during the last quarter. California State Teachers Retirement System lifted its position in ODDITY Tech by 2.0% in the fourth quarter. California State Teachers Retirement System now owns 43,532 shares of the company's stock valued at $1,749,000 after acquiring an additional 870 shares during the last quarter. Finally, Entropy Technologies LP lifted its position in ODDITY Tech by 10.0% in the third quarter. Entropy Technologies LP now owns 9,900 shares of the company's stock valued at $617,000 after acquiring an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ODD. The Goldman Sachs Group cut shares of ODDITY Tech from a "hold" rating to a "sell" rating and decreased their price target for the company from $16.00 to $8.00 in a research report on Wednesday, June 3rd. Truist Financial cut their price objective on ODDITY Tech from $18.00 to $12.00 and set a "hold" rating on the stock in a research report on Wednesday, June 3rd. Barclays reduced their price objective on ODDITY Tech from $13.00 to $8.00 and set an "underweight" rating on the stock in a research note on Wednesday, June 3rd. Needham & Company LLC reiterated a "hold" rating on shares of ODDITY Tech in a report on Tuesday, June 2nd. Finally, KeyCorp restated a "sector weight" rating on shares of ODDITY Tech in a report on Wednesday, June 3rd. Nine equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, ODDITY Tech currently has an average rating of "Reduce" and an average price target of $25.39.

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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