Teachers Retirement System of The State of Kentucky raised its stake in ODDITY Tech Ltd. (NASDAQ:ODD – Free Report) by 32.9% during the first quarter, HoldingsChannel.com reports. The fund owned 121,185 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in ODDITY Tech were worth $1,621,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wexford Capital LP purchased a new stake in ODDITY Tech in the 3rd quarter worth $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of ODDITY Tech by 134.8% during 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. USS Investment Management Ltd increased its holdings in shares of ODDITY Tech by 5.3% in the fourth quarter. USS Investment Management Ltd now owns 13,753 shares of the company’s stock worth $552,000 after purchasing an additional 695 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of ODDITY Tech by 2.0% in the fourth quarter. California State Teachers Retirement System now owns 43,532 shares of the company’s stock worth $1,749,000 after purchasing an additional 870 shares during the last quarter. Finally, Entropy Technologies LP lifted its position in shares of ODDITY Tech by 10.0% in the third quarter. Entropy Technologies LP now owns 9,900 shares of the company’s stock worth $617,000 after buying an additional 900 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors.
ODDITY Tech Stock Performance
Shares of NASDAQ:ODD opened at $17.43 on Thursday. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 22.06 and a beta of 2.37. ODDITY Tech Ltd. has a 12 month low of $9.25 and a 12 month high of $76.00. The firm’s 50-day moving average is $13.44 and its 200 day moving average is $19.90. The company has a current ratio of 4.06, a quick ratio of 2.86 and a debt-to-equity ratio of 1.96.
Insider Buying and Selling at ODDITY Tech
In other news, CFO Mann Lindsay Drucker sold 109,602 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $15.09, for a total value of $1,653,894.18. Following the sale, the chief financial officer directly owned 77,709 shares in the company, valued at approximately $1,172,628.81. This represents a 58.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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. Insiders sold 128,805 shares of company stock valued at $1,932,910 in the last quarter.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Wall Street Zen lowered ODDITY Tech from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 18th. The Goldman Sachs Group downgraded ODDITY Tech from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.25 price objective on shares of ODDITY Tech in a report on Tuesday, June 2nd. Truist Financial lowered their target price on ODDITY Tech from $18.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, June 3rd. Finally, 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 report on Wednesday, June 3rd. Eight equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $25.39.
Check Out Our Latest Stock Analysis on ODDITY Tech
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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