Key Points
- ODDITY Tech CFO Mann Lindsay Drucker sold 109,602 shares on June 30 at an average price of $15.09, totaling about $1.65 million. The sale reduced their direct ownership by 58.51% and was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding from vested equity awards.
- The CFO also made smaller sales earlier in the year, including 9,603 shares on June 1 and 9,600 shares on April 30. These transactions suggest a continued pattern of insider selling.
- ODDITY Tech reported a quarterly loss of $0.17 per share, missing estimates, though revenue came in above expectations at $197.94 million. The stock was up 12.4% in the session, while analysts currently rate it a consensus “Reduce”.
ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) CFO Mann Lindsay Drucker sold 109,602 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $15.09, for a total value of $1,653,894.18. Following the transaction, the chief financial officer directly owned 77,709 shares in the company, valued at $1,172,628.81. The trade was a 58.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 Monday, June 1st, Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock. The stock was sold at an average price of $13.44, for a total value of $129,064.32.
- On Thursday, April 30th, Mann Lindsay Drucker sold 9,600 shares of ODDITY Tech stock. The stock was sold at an average price of $15.62, for a total value of $149,952.00.
ODDITY Tech Stock Up 12.4%
ODDITY Tech stock opened at $17.01 on Thursday. The stock has a market cap of $979.44 million, a PE ratio of 21.53 and a beta of 2.37. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06. ODDITY Tech Ltd. has a one year low of $9.25 and a one year high of $77.83. The stock has a fifty day moving average of $13.07 and a 200 day moving average of $21.66.
ODDITY Tech (NASDAQ:ODD - Get Free Report) last posted its earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.13). The firm had revenue of $197.94 million during the quarter, compared to the consensus estimate of $187.87 million. ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The firm's revenue was down 26.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. As a group, sell-side analysts predict that ODDITY Tech Ltd. will post -0.46 EPS for the current year.
Institutional Investors Weigh In On ODDITY Tech
A number of institutional investors have recently bought and sold shares of ODD. Janus Henderson Group PLC raised its holdings in ODDITY Tech by 115.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,423,917 shares of the company's stock valued at $97,379,000 after acquiring an additional 1,296,551 shares during the period. Baillie Gifford & Co. grew its position in shares of ODDITY Tech by 17.8% during the fourth quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company's stock worth $286,188,000 after purchasing an additional 1,076,921 shares in the last quarter. Morgan Stanley grew its position in shares of ODDITY Tech by 13.9% during the fourth quarter. Morgan Stanley now owns 4,305,565 shares of the company's stock worth $172,998,000 after purchasing an additional 525,481 shares in the last quarter. Wellington Management Group LLP bought a new stake in ODDITY Tech during the 3rd quarter valued at approximately $27,838,000. Finally, Altshuler Shaham Ltd raised its stake in ODDITY Tech by 364.7% during the 4th quarter. Altshuler Shaham Ltd now owns 500,714 shares of the company's stock valued at $20,119,000 after purchasing an additional 392,967 shares during the period. Hedge funds and other institutional investors own 35.88% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on ODD shares. Jefferies Financial Group reissued a "hold" rating and issued a $10.25 price objective on shares of ODDITY Tech in a report on Tuesday, June 2nd. Wall Street Zen cut shares of ODDITY Tech from a "sell" rating to a "strong sell" rating in a report on Saturday, April 18th. Zacks Research downgraded shares of ODDITY Tech from a "hold" rating to a "strong sell" rating in a research report on Monday. Needham & Company LLC reiterated a "hold" rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Finally, The Goldman Sachs Group cut shares of ODDITY Tech from a "hold" rating to a "sell" rating and dropped their price target for the stock from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Eight analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, ODDITY Tech currently has a consensus rating of "Reduce" and a consensus price target of $25.39.
View Our Latest Stock Report on ODDITY Tech
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
