ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 809 Shares of Stock

Key Points

• ODDITY Tech CFO Mann Drucker sold 809 shares at an average price of $15.01, generating $12,143.09. The sale was conducted under a pre-arranged Rule 10b5-1 plan, and Drucker retains 116,135 shares.
• ODD shares fell 2.5% to $14.13, while the company’s latest quarterly results showed an adjusted loss of $0.17 per share and revenue of $197.94 million, up from estimates but down 26.2% year over year.
• Analyst sentiment remains cautious: nine analysts rate the stock Hold and four rate it Sell, resulting in a consensus “Reduce” rating, despite an average price target of $25.75.

ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) CFO Mann Drucker sold 809 shares of the firm's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $15.01, for a total value of $12,143.09. Following the completion of the sale, the chief financial officer owned 116,135 shares in the company, valued at approximately $1,743,186.35. This represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Mann Drucker sold 7,717 shares of ODDITY Tech stock. The stock was sold at an average price of $15.09, for a total value of $116,449.53.
• 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 shares were 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 shares were 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 stock was 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 shares were sold at an average price of $15.09, for a total value of $1,653,894.18.

ODDITY Tech Stock Down 2.5%

ODDITY Tech stock traded down $0.36 during mid-day trading on Thursday, hitting $14.13. The company had a trading volume of 674,934 shares, compared to its average volume of 811,573. The stock has a market cap of $813.61 million, a price-to-earnings ratio of 17.89 and a beta of 2.38. ODDITY Tech Ltd. has a 1 year low of $9.25 and a 1 year 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 $15.06 and a 200 day moving average of $14.74.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its 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 company had revenue of $197.94 million during the quarter, compared to analyst estimates of $187.87 million. During the same quarter in the previous year, the company posted $0.69 EPS. The company's quarterly revenue was down 26.2% on a year-over-year basis. On average, sell-side analysts expect that ODDITY Tech Ltd. will post -0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ODD shares. Barclays dropped their price target 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. Truist Financial increased their price objective on ODDITY Tech from $12.00 to $16.00 and gave the company a "hold" rating in a report on Tuesday. Zacks Research upgraded shares of ODDITY Tech from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Needham & Company LLC restated a "hold" rating on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Finally, Morgan Stanley cut their target price on shares of ODDITY Tech from $16.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 3rd. Nine equities research 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 stock currently has a consensus rating of "Reduce" and an average price target of $25.75.

Institutional Investors Weigh In On ODDITY Tech

Several hedge funds have recently modified their holdings of ODD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in ODDITY Tech by 16.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,117 shares of the company's stock valued at $3,293,000 after buying an additional 10,582 shares during the last quarter. Geode Capital Management LLC raised its position in ODDITY Tech by 12.9% during the 2nd quarter. Geode Capital Management LLC now owns 75,063 shares of the company's stock worth $5,660,000 after buying an additional 8,561 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of ODDITY Tech in the 2nd quarter worth $71,000. American Century Companies Inc. lifted its stake in shares of ODDITY Tech by 17.3% in the 2nd quarter. American Century Companies Inc. now owns 14,300 shares of the company's stock worth $1,079,000 after acquiring an additional 2,105 shares during the period. Finally, Invesco Ltd. purchased a new stake in shares of ODDITY Tech in the second quarter valued at about $327,000. 35.88% of the stock is owned by institutional investors and hedge funds.

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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