Mann Lindsay Drucker Sells 7,717 Shares of ODDITY Tech (NASDAQ:ODD) Stock

Key Points

• ODDITY Tech CFO Mann Drucker sold 7,717 shares at an average price of $15.09, generating $116,449.53. The transaction was executed under a pre-arranged Rule 10b5-1 plan, reducing her position by 6.23% to 116,135 shares.
• ODD shares recently traded at $14.13, with a market capitalization of about $813.6 million. The company reported quarterly revenue of $197.94 million, above estimates, but missed EPS expectations and posted a 26.2% year-over-year revenue decline.
• Analyst sentiment is cautious: nine analysts rate the stock Hold and four rate it Sell, resulting in a consensus “Reduce” rating. Recent price-target cuts from Morgan Stanley, Barclays, and Goldman Sachs contrast with Truist Financial’s increase to $16.

ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) CFO Mann Drucker sold 7,717 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $15.09, for a total transaction of $116,449.53. Following the completion of the sale, the chief financial officer owned 116,135 shares of the company's stock, valued at approximately $1,752,477.15. The trade was a 6.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Thursday, September 3rd, Mann Drucker sold 809 shares of ODDITY Tech stock. The stock was sold at an average price of $15.01, for a total value of $12,143.09.
• On Monday, August 31st, Mann 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 Thursday, August 27th, Mann Drucker sold 5,503 shares of ODDITY Tech stock. The stock was 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 stock was sold at an average price of $15.09, for a total transaction of $1,653,894.18.

ODDITY Tech Price Performance

Shares of NASDAQ:ODD traded down $0.36 on Thursday, reaching $14.13. 674,934 shares of the company were exchanged, compared to its average volume of 811,573. The company has a current ratio of 4.06, a quick ratio of 2.86 and a debt-to-equity ratio of 1.96. ODDITY Tech Ltd. has a 1-year low of $9.25 and a 1-year high of $64.23. The firm has a market cap of $813.61 million, a price-to-earnings ratio of 17.89 and a beta of 2.38. The company has a 50-day moving average of $15.06 and a 200-day moving average of $14.74.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last announced 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 company had revenue of $197.94 million during the quarter, compared to analyst estimates of $187.87 million. During the same quarter last year, the business earned $0.69 EPS. The firm's revenue for the quarter was down 26.2% on a year-over-year basis. Equities analysts forecast that ODDITY Tech Ltd. will post -0.55 earnings per share for the current fiscal year.

Institutional Trading of ODDITY Tech

Several large investors have recently modified their holdings of the business. K5 Global Advisor LLC acquired a new position in shares of ODDITY Tech during the 2nd quarter worth approximately $375,000. California State Teachers Retirement System grew its holdings in 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 during the last quarter. Sigma Planning Corp grew its holdings in ODDITY Tech by 37.7% during the 2nd quarter. Sigma Planning Corp now owns 14,510 shares of the company's stock valued at $220,000 after buying an additional 3,975 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in ODDITY Tech during the second quarter worth $300,000. Finally, Avidity Partners Management LP acquired a new position in shares of ODDITY Tech in the first quarter worth $937,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ODD. Morgan Stanley decreased their price target 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. Barclays dropped 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. KeyCorp reaffirmed a "sector weight" rating on shares of ODDITY Tech in a report on Wednesday, June 3rd. The Goldman Sachs Group downgraded ODDITY Tech from a "hold" rating to a "sell" rating and decreased their target price for the stock from $16.00 to $8.00 in a research report on Wednesday, June 3rd. Finally, Truist Financial upped their target price on ODDITY Tech from $12.00 to $16.00 and gave the company a "hold" rating in a report on Tuesday. Nine analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $25.75.

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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