Oddity Tech Ltd. (NASDAQ:ODD) Shares Sold by Catterton Management Company L.L.C.

Catterton Management Company L.L.C. decreased its holdings in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 47.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,037,472 shares of the company's stock after selling 3,602,885 shares during the period. Oddity Tech comprises approximately 2.1% of Catterton Management Company L.L.C.'s holdings, making the stock its 2nd largest holding. Catterton Management Company L.L.C. owned approximately 7.10% of Oddity Tech worth $169,655,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB bought a new position in shares of Oddity Tech during the fourth quarter valued at approximately $797,000. Harbor Capital Advisors Inc. purchased a new position in Oddity Tech in the fourth quarter worth $1,767,000. State Street Corp increased its position in shares of Oddity Tech by 5.7% during the third quarter. State Street Corp now owns 236,199 shares of the company's stock worth $9,538,000 after purchasing an additional 12,700 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Oddity Tech by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company's stock worth $2,569,000 after purchasing an additional 750 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Oddity Tech by 33.2% in the fourth quarter. Blue Trust Inc. now owns 6,437 shares of the company's stock valued at $260,000 after buying an additional 1,603 shares during the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.

Oddity Tech Trading Up 3.4 %

Oddity Tech stock traded up $1.41 during midday trading on Tuesday, hitting $42.21. 61,696 shares of the stock were exchanged, compared to its average volume of 514,744. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.48 and a beta of 3.73. The stock's 50-day simple moving average is $43.42 and its 200 day simple moving average is $43.53. Oddity Tech Ltd. has a fifty-two week low of $30.34 and a fifty-two week high of $51.00.

Wall Street Analysts Forecast Growth

ODD has been the subject of several research analyst reports. Barclays increased their price objective on shares of Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Bank of America raised their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. KeyCorp dropped their target price on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price objective on Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, JMP Securities reiterated a "market outperform" rating and issued a $66.00 target price on shares of Oddity Tech in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $53.25.

About Oddity Tech

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.