ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) CFO Mann Lindsay Drucker sold 5,503 shares of ODDITY Tech stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $15.00, for a total transaction of $82,545.00. Following the completion of the sale, the chief financial officer owned 104,492 shares in the company, valued at approximately $1,567,380. This represents a 5.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Monday, August 31st, Mann Lindsay Drucker sold 12,286 shares of ODDITY Tech stock. The shares were sold at an average price of $14.27, for a total transaction of $175,321.22.
- 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 shares were 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 value of $1,653,894.18.
ODDITY Tech Stock Performance
Shares of NASDAQ ODD opened at $14.40 on Tuesday. The company has a current ratio of 4.06, a quick ratio of 2.86 and a debt-to-equity ratio of 1.96. The stock has a 50 day simple moving average of $14.98 and a 200-day simple moving average of $15.03. The company has a market cap of $829.15 million, a PE ratio of 18.23 and a beta of 2.38. ODDITY Tech Ltd. has a 12-month low of $9.25 and a 12-month high of $64.23.
ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.13). ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The business had revenue of $197.94 million during the quarter, compared to the consensus estimate of $187.87 million. During the same period last year, the company earned $0.69 earnings per share. The business's quarterly revenue was down 26.2% compared to the same quarter last year. On average, equities research analysts forecast that ODDITY Tech Ltd. will post -0.55 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Truist Financial decreased their price target on ODDITY Tech from $18.00 to $12.00 and set a "hold" rating for the company in a research note on Wednesday, June 3rd. Jefferies Financial Group restated a "hold" rating and set a $10.25 price objective on shares of ODDITY Tech in a research note on Tuesday, June 2nd. KeyCorp reaffirmed a "sector weight" rating on shares of ODDITY Tech in a report on Wednesday, June 3rd. The Goldman Sachs Group lowered shares of ODDITY Tech from a "hold" rating to a "sell" rating and decreased their target price for the company from $16.00 to $8.00 in a research report on Wednesday, June 3rd. Finally, Zacks Research raised shares of ODDITY Tech from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Nine analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, ODDITY Tech currently has a consensus rating of "Reduce" and an average price target of $25.39.
View Our Latest Stock Report on ODDITY Tech
Hedge Funds Weigh In On ODDITY Tech
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its position in shares of ODDITY Tech by 115.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,423,917 shares of the company's stock valued at $97,379,000 after purchasing an additional 1,296,551 shares during the period. California State Teachers Retirement System lifted its holdings in shares of ODDITY Tech by 1,432.4% in the second quarter. California State Teachers Retirement System now owns 664,752 shares of the company's stock valued at $10,058,000 after buying an additional 621,371 shares during the period. Morgan Stanley boosted its stake in ODDITY Tech by 13.9% during the fourth quarter. Morgan Stanley now owns 4,305,565 shares of the company's stock valued at $172,998,000 after buying an additional 525,481 shares in the last quarter. Wellington Management Group LLP bought a new position in ODDITY Tech during the third quarter valued at about $27,838,000. Finally, Altshuler Shaham Ltd boosted its stake in ODDITY Tech by 364.7% during the fourth quarter. Altshuler Shaham Ltd now owns 500,714 shares of the company's stock valued at $20,119,000 after buying an additional 392,967 shares in the last quarter. 35.88% of the stock is owned by institutional investors.
ODDITY Tech Company Profile
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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
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