Olaplex Holdings, Inc. (NASDAQ:OLPX) General Counsel John C. Duffy Sells 35,013 Shares

Olaplex Holdings, Inc. (NASDAQ:OLPX) General Counsel John C. Duffy sold 35,013 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $1.44, for a total transaction of $50,418.72. Following the sale, the general counsel now owns 348,630 shares of the company’s stock, valued at approximately $502,027.20. This represents a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Olaplex Price Performance

Shares of NASDAQ OLPX opened at $1.58 on Tuesday. Olaplex Holdings, Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $2.77. The company has a 50 day simple moving average of $1.54 and a two-hundred day simple moving average of $1.89. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 26.34 and a beta of 2.44. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84.

Hedge Funds Weigh In On Olaplex

A number of institutional investors and hedge funds have recently made changes to their positions in OLPX. T. Rowe Price Investment Management Inc. increased its stake in shares of Olaplex by 181.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 24,500,600 shares of the company’s stock valued at $42,387,000 after purchasing an additional 15,800,642 shares in the last quarter. Boston Partners increased its stake in shares of Olaplex by 276.0% during the fourth quarter. Boston Partners now owns 6,674,169 shares of the company’s stock valued at $11,257,000 after purchasing an additional 4,899,171 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Olaplex by 5,728.5% during the third quarter. Jane Street Group LLC now owns 2,633,397 shares of the company’s stock valued at $6,188,000 after purchasing an additional 2,588,216 shares in the last quarter. Ninety One UK Ltd increased its stake in shares of Olaplex by 99.3% during the fourth quarter. Ninety One UK Ltd now owns 4,239,796 shares of the company’s stock valued at $7,335,000 after purchasing an additional 2,112,009 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Olaplex by 162.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,316,519 shares of the company’s stock valued at $4,008,000 after purchasing an additional 1,432,400 shares in the last quarter. Institutional investors own 87.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on OLPX shares. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 price objective on shares of Olaplex in a report on Tuesday, March 4th. Piper Sandler raised their price objective on shares of Olaplex from $1.50 to $2.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Barclays raised their price objective on shares of Olaplex from $1.50 to $1.70 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th.

Olaplex Company Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.