Mann Lindsay Drucker Sells 3,493 Shares of ODDITY Tech (NASDAQ:ODD) Stock

Key Points

• ODDITY Tech CFO Mann Lindsay Drucker sold 3,493 shares at an average price of $15.01, generating $52,429.93. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced the CFO’s ownership by 3.23%.
• ODD shares traded near $14.99, with a market capitalization of approximately $863 million. The stock remains well below its 52-week high of $64.23.
• The company’s latest quarterly results missed the EPS consensus estimate, although revenue exceeded expectations; analysts maintain a broadly cautious outlook, with a consensus rating of “Reduce.”

ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) CFO Mann Lindsay Drucker sold 3,493 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $15.01, for a total value of $52,429.93. Following the completion of the sale, the chief financial officer owned 104,492 shares of the company's stock, valued at $1,568,424.92. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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.
• On Monday, June 1st, Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock. The shares were sold at an average price of $13.44, for a total value of $129,064.32.

ODDITY Tech Price Performance

Shares of ODD traded up $0.46 during midday trading on Thursday, reaching $14.99. The stock had a trading volume of 708,948 shares, compared to its average volume of 1,659,229. ODDITY Tech Ltd. has a 52 week low of $9.25 and a 52 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. The firm's 50 day moving average price is $14.87 and its 200-day moving average price is $15.36. The company has a market capitalization of $863.05 million, a P/E ratio of 18.97 and a beta of 2.38.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last announced 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 firm had revenue of $197.94 million for the quarter, compared to the consensus estimate of $187.87 million. ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The company's quarterly revenue was down 26.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. On average, analysts forecast that ODDITY Tech Ltd. will post -0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ODDITY Tech

Hedge funds have recently made changes to their positions in the company. Wexford Capital LP purchased a new position in ODDITY Tech during the 3rd quarter worth approximately $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ODDITY Tech by 134.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company's stock valued at $69,000 after purchasing an additional 651 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of ODDITY Tech in the second quarter valued at $71,000. SG Americas Securities LLC acquired a new stake in shares of ODDITY Tech in the first quarter worth $104,000. Finally, Headlands Technologies LLC acquired a new stake in shares of ODDITY Tech in the second quarter worth $108,000. Hedge funds and other institutional investors own 35.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ODD shares. Morgan Stanley reduced their target price on shares of ODDITY Tech from $16.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, June 3rd. Jefferies Financial Group reissued a "hold" rating and set a $10.25 price objective on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Barclays decreased their target price on ODDITY Tech from $13.00 to $8.00 and set an "underweight" rating on the stock in a report on Wednesday, June 3rd. Zacks Research raised ODDITY Tech from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group downgraded ODDITY Tech from a "hold" rating to a "sell" rating and reduced their target price for the company 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 given a Sell rating to the company's stock. According to MarketBeat, the company presently 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.

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