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

ODDITY Tech Ltd. (NASDAQ:ODDGet 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 directly owned 116,135 shares in the company, valued at approximately $1,657,246.45. This represents a 9.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 stock was 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 transaction 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 transaction of $52,429.93.
  • 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 transaction 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 transaction of $1,653,894.18.

ODDITY Tech Stock Down 1.8%

NASDAQ:ODD opened at $14.14 on Wednesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06. The firm has a market cap of $814.18 million, a P/E ratio of 17.90 and a beta of 2.38. ODDITY Tech Ltd. has a fifty-two week low of $9.25 and a fifty-two week high of $64.23. The firm has a 50-day simple moving average of $15.00 and a two-hundred day simple moving average of $14.93.

ODDITY Tech (NASDAQ:ODDGet 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 return on equity of 15.38% and a net margin of 6.97%.The firm had revenue of $197.94 million during the quarter, compared to the consensus estimate of $187.87 million. During the same quarter in the prior year, the company posted $0.69 EPS. The company’s quarterly revenue was down 26.2% on a year-over-year basis. Analysts predict that ODDITY Tech Ltd. will post -0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ODD shares. KeyCorp restated a “sector weight” rating on shares of ODDITY Tech in a report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “hold” rating and set a $10.25 target price on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Needham & Company LLC reissued a “hold” rating on shares of ODDITY Tech in a report on Tuesday, June 2nd. Barclays decreased their price target 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. Finally, Morgan Stanley lowered their price target on 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 investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, ODDITY Tech presently has an average rating of “Reduce” and an average target price of $25.75.

Read Our Latest Analysis on ODD

Institutional Trading of ODDITY Tech

Large investors have recently made changes to their positions in the stock. K5 Global Advisor LLC bought a new position in ODDITY Tech during the second quarter valued at approximately $375,000. California State Teachers Retirement System grew its position in ODDITY Tech by 1,432.4% in the 2nd quarter. California State Teachers Retirement System now owns 664,752 shares of the company’s stock worth $10,058,000 after purchasing an additional 621,371 shares during the period. Sigma Planning Corp grew its position in ODDITY Tech by 37.7% in the 2nd quarter. Sigma Planning Corp now owns 14,510 shares of the company’s stock worth $220,000 after purchasing an additional 3,975 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in ODDITY Tech during the 2nd quarter valued at $300,000. Finally, Avidity Partners Management LP purchased a new stake in ODDITY Tech during the 1st quarter valued at $937,000. 35.88% of the stock is currently owned by institutional investors.

About ODDITY Tech

(Get Free Report)

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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Insider Buying and Selling by Quarter for ODDITY Tech (NASDAQ:ODD)

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