Key Points
- ODDITY Tech CFO Mann Lindsay Drucker sold 9,603 shares on June 1 at an average price of $13.44, totaling about $129,064. The sale reduced the CFO’s ownership by 11% and was filed with the SEC.
- The transaction was made to cover tax withholding obligations tied to the vesting of equity awards, and it follows two earlier sales by the CFO in late March and late April.
- Analysts remain cautious on ODDITY Tech, with a consensus rating of “Reduce” and an average price target of $31.36. The stock opened near $13.98, far below its 12-month high of $79.18.
ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) CFO Mann Lindsay Drucker sold 9,603 shares of the business's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $13.44, for a total transaction of $129,064.32. Following the sale, the chief financial officer owned 77,709 shares of the company's stock, valued at $1,044,408.96. This trade represents a 11.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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, April 30th, Mann Lindsay Drucker sold 9,600 shares of ODDITY Tech stock. The shares were sold at an average price of $15.62, for a total transaction of $149,952.00.
- On Tuesday, March 31st, Mann Lindsay Drucker sold 9,604 shares of ODDITY Tech stock. The shares were sold at an average price of $12.85, for a total transaction of $123,411.40.
ODDITY Tech Stock Performance
Shares of NASDAQ ODD opened at $13.98 on Tuesday. The firm has a 50 day moving average of $13.96 and a 200 day moving average of $26.24. The company has a current ratio of 5.24, a quick ratio of 4.06 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $804.97 million, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 1.77 and a beta of 2.48. ODDITY Tech Ltd. has a 12-month low of $10.80 and a 12-month high of $79.18.
Hedge Funds Weigh In On ODDITY Tech
A number of hedge funds and other institutional investors have recently modified their holdings of ODD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of ODDITY Tech by 16.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,117 shares of the company's stock worth $3,293,000 after acquiring an additional 10,582 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of ODDITY Tech by 12.9% during the second quarter. Geode Capital Management LLC now owns 75,063 shares of the company's stock worth $5,660,000 after acquiring an additional 8,561 shares during the last quarter. Legal & General Group Plc bought a new position in shares of ODDITY Tech during the second quarter worth $71,000. American Century Companies Inc. boosted its position in shares of ODDITY Tech by 17.3% during the second 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 last quarter. Finally, Invesco Ltd. bought a new position in shares of ODDITY Tech during the second quarter worth $327,000. Institutional investors own 35.88% of the company's stock.
Analyst Upgrades and Downgrades
ODD has been the subject of several recent research reports. Zacks Research lowered shares of ODDITY Tech from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 10th. Citizens Jmp lowered shares of ODDITY Tech from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 25th. Truist Financial reiterated a "hold" rating and issued a $18.00 price target (down from $80.00) on shares of ODDITY Tech in a research report on Wednesday, February 25th. KeyCorp dropped their price target on shares of ODDITY Tech from $50.00 to $30.00 and set an "overweight" rating for the company in a research report on Thursday, February 26th. Finally, Jefferies Financial Group lowered shares of ODDITY Tech from a "buy" rating to a "hold" rating and dropped their price target for the stock from $64.00 to $18.00 in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $31.36.
Check Out Our Latest Research Report on ODD
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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