Trisha L. Fox Sells 26,526 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Trisha L. Fox sold 26,526 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $1.44, for a total transaction of $38,197.44. Following the transaction, the insider now owns 461,548 shares in the company, valued at $664,629.12. This represents a 5.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Olaplex Trading Down 4.4 %

Olaplex stock opened at $1.51 on Wednesday. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 25.17 and a beta of 2.44. Olaplex Holdings, Inc. has a 1 year low of $1.19 and a 1 year high of $2.77. The firm’s 50 day moving average price is $1.53 and its two-hundred day moving average price is $1.88. 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

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of Olaplex by 14.5% during the third quarter. Geode Capital Management LLC now owns 3,708,821 shares of the company’s stock valued at $8,717,000 after purchasing an additional 468,570 shares during the last quarter. Jane Street Group LLC lifted its stake in 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 buying an additional 2,588,216 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Olaplex during the third quarter valued at about $664,000. Ninety One UK Ltd boosted its holdings in shares of Olaplex by 99.3% in the fourth quarter. Ninety One UK Ltd now owns 4,239,796 shares of the company’s stock worth $7,335,000 after buying an additional 2,112,009 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Olaplex in the third quarter worth approximately $80,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Olaplex from $1.50 to $1.70 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. Piper Sandler lifted their target price on Olaplex from $1.50 to $2.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a research report on Tuesday, March 4th.

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.