ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 12,286 Shares

Key Points

• ODDITY Tech CFO Mann Lindsay Drucker sold 12,286 shares at an average price of $14.27, worth $175,321.22. The transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, reducing his holdings by 9.57% to 116,135 shares.
• The CFO has made several additional sales recently, including 109,602 shares valued at approximately $1.65 million on June 30 and 21,571 shares worth about $326,585 on August 28.
• ODDITY Tech shares traded near $14.40, while analysts maintained a cautious outlook: the consensus rating was “Reduce”, with nine Hold ratings and four Sell ratings. The company’s latest quarter missed EPS expectations, despite revenue exceeding forecasts.

ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) CFO Mann Lindsay Drucker sold 12,286 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $14.27, for a total value of $175,321.22. Following the completion of the sale, the chief financial officer owned 116,135 shares in the company, valued at $1,657,246.45. This trade represents a 9.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 Thursday, August 27th, Mann Lindsay 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 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 stock was 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 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 Price Performance

Shares of NASDAQ:ODD traded up $0.05 on Monday, hitting $14.40. The company's stock had a trading volume of 1,074,436 shares, compared to its average volume of 791,154. The company has a market capitalization of $829.15 million, a PE ratio of 18.23 and a beta of 2.38. 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 company has a 50-day simple moving average of $14.98 and a 200 day simple moving average of $15.03. ODDITY Tech Ltd. has a 1 year low of $9.25 and a 1 year high of $64.23.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued 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). The business had revenue of $197.94 million for 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%.The firm's revenue for the quarter was down 26.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. Sell-side analysts forecast that ODDITY Tech Ltd. will post -0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Truist Financial cut their price target on shares of ODDITY Tech from $18.00 to $12.00 and set a "hold" rating for the company in a research note on Wednesday, June 3rd. Barclays dropped their price objective on shares of ODDITY Tech from $13.00 to $8.00 and set an "underweight" rating for the company in a report on Wednesday, June 3rd. Morgan Stanley cut 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 research report on Wednesday, June 3rd. The Goldman Sachs Group cut 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 research note on Wednesday, June 3rd. Finally, Zacks Research upgraded ODDITY Tech from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Nine analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $25.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wexford Capital LP bought a new stake in shares of ODDITY Tech in the 3rd quarter worth approximately $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 valued at $69,000 after purchasing an additional 651 shares during the last quarter. Legal & General Group Plc purchased a new position in ODDITY Tech in the 2nd quarter worth $71,000. SG Americas Securities LLC purchased a new position in ODDITY Tech in the 1st quarter worth $104,000. Finally, Headlands Technologies LLC bought a new stake in ODDITY Tech in the second quarter worth $108,000. 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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