Odysight.ai Inc. $ODYS Shares Sold by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. trimmed its holdings in shares of Odysight.ai Inc. (NASDAQ:ODYS) by 8.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 211,335 shares of the company’s stock after selling 19,434 shares during the period. Yelin Lapidot Holdings Management Ltd.’s holdings in Odysight.ai were worth $1,078,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hohimer Wealth Management LLC acquired a new stake in Odysight.ai during the first quarter worth about $168,000. Phoenix Financial Ltd. acquired a new stake in shares of Odysight.ai during the 1st quarter worth approximately $15,263,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new stake in shares of Odysight.ai in the 1st quarter worth approximately $4,383,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new position in Odysight.ai during the 1st quarter valued at approximately $1,375,000. Finally, Y.D. More Investments Ltd bought a new position in Odysight.ai during the 1st quarter worth $11,870,000. 19.67% of the stock is owned by institutional investors and hedge funds.

Odysight.ai Trading Up 3.2%

ODYS stock opened at $3.27 on Friday. The firm’s 50-day moving average is $3.86 and its two-hundred day moving average is $4.53. The company has a market capitalization of $53.46 million, a price-to-earnings ratio of -3.08 and a beta of 0.35. Odysight.ai Inc. has a 52 week low of $2.60 and a 52 week high of $10.80.

Odysight.ai (NASDAQ:ODYS) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.25) earnings per share for the quarter. Odysight.ai had a negative net margin of 293.91% and a negative return on equity of 54.92%. The firm had revenue of $0.36 million during the quarter.

Insiders Place Their Bets

In other Odysight.ai news, major shareholder Y.D. More Investments Ltd sold 14,312 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $3.55, for a total value of $50,807.60. Following the completion of the sale, the insider directly owned 700,828 shares of the company’s stock, valued at approximately $2,487,939.40. This represents a 2.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 29,212 shares of company stock valued at $101,615. 46.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Odysight.ai in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.00.

Odysight.ai Company Profile

Odysight.ai, Inc engages in the development and manufacture of customized visual solutions for organizations across a variety of industries in the form of micro cameras and supplementary technologies. Its devices can used across the medical, aerospace, industrial, research, and defense industries. The company was founded on March 22, 2013 and is headquartered in Omer, Israel.