Key Points
- ODDITY Tech CFO Mann Drucker sold 7,717 shares for approximately $116,450 under a pre-arranged Rule 10b5-1 plan, reducing her holdings by 6.23% to 116,135 shares.
- The CFO has made several additional sales recently, including 109,602 shares on June 30, bringing the disclosed transactions described in the article to more than $2.5 million in proceeds.
- ODDITY Tech recently missed quarterly EPS estimates and reported a 26.2% year-over-year revenue decline. Analysts have an overall “Reduce” rating, with nine Holds and four Sells.
ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) CFO Mann Drucker sold 809 shares of the firm's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $15.01, for a total value of $12,143.09. Following the transaction, the chief financial officer directly owned 116,135 shares in the company, valued at $1,743,186.35. This trade represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mann Lindsay Drucker also recently made the following trade(s):
- On Tuesday, September 1st, Mann Drucker sold 7,717 shares of ODDITY Tech stock. The stock was sold at an average price of $15.09, for a total value of $116,449.53.
- On Monday, August 31st, Mann Drucker sold 12,286 shares of ODDITY Tech stock. The shares were sold at an average price of $14.27, for a total value of $175,321.22.
- On Thursday, August 27th, Mann Drucker sold 5,503 shares of ODDITY Tech stock. The shares were sold at an average price of $15.00, for a total value of $82,545.00.
- On Friday, August 28th, Mann Drucker sold 21,571 shares of ODDITY Tech stock. The stock was sold at an average price of $15.14, for a total value of $326,584.94.
- On Wednesday, August 26th, Mann Drucker sold 3,493 shares of ODDITY Tech stock. The stock was sold at an average price of $15.01, for a total value of $52,429.93.
- On Wednesday, August 5th, Mann Drucker sold 11,473 shares of ODDITY Tech stock. The stock was sold at an average price of $15.10, for a total value of $173,242.30.
- On Tuesday, June 30th, Mann 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
NASDAQ:ODD opened at $14.13 on Friday. The firm has a market cap of $813.61 million, a PE ratio of 17.89 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 company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06. The business has a 50 day moving average price of $15.06 and a 200-day moving average price of $14.74.
ODDITY Tech (NASDAQ:ODD - Get 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 business posted $0.69 EPS. The firm's revenue for the quarter was down 26.2% on a year-over-year basis. Equities research analysts predict that ODDITY Tech Ltd. will post -0.55 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on ODD. Zacks Research raised shares of ODDITY Tech from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Morgan Stanley lowered their price objective on shares of ODDITY Tech from $16.00 to $10.00 and set an "equal weight" rating for the company in a research note 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 report on Tuesday, June 2nd. Barclays dropped their target price on shares of ODDITY Tech from $13.00 to $8.00 and set an "underweight" rating for the company in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group downgraded ODDITY Tech from a "hold" rating to a "sell" rating and reduced their price target for the company from $16.00 to $8.00 in a report on Wednesday, June 3rd. Nine investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $25.75.
Read Our Latest Report on ODDITY Tech
Institutional Trading of ODDITY Tech
Several large investors have recently added to or reduced their stakes in ODD. Janus Henderson Group PLC increased its position in 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 raised its holdings 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 in the last quarter. Morgan Stanley lifted its position in shares of ODDITY Tech by 13.9% in the 4th 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 during the period. Wellington Management Group LLP purchased a new stake in shares of ODDITY Tech in the 3rd quarter worth about $27,838,000. Finally, Altshuler Shaham Ltd boosted its stake in shares of 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 in the last quarter. Institutional investors own 35.88% of the company's stock.
ODDITY Tech Company Profile
(
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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