Insider Selling: Olaplex Holdings, Inc. (NASDAQ:OLPX) General Counsel Sells 35,013 Shares of Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report) General Counsel John C. Duffy sold 35,013 shares of the business'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 $50,418.72. Following the completion of the sale, the general counsel now directly owns 348,630 shares in the company, valued at $502,027.20. This trade represents a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Olaplex Stock Performance

Shares of Olaplex stock traded up $0.02 on Friday, hitting $1.36. The stock had a trading volume of 811,236 shares, compared to its average volume of 1,380,783. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73. Olaplex Holdings, Inc. has a 52-week low of $1.19 and a 52-week high of $2.77. The company's 50 day moving average price is $1.53 and its 200 day moving average price is $1.88. The stock has a market cap of $900.56 million, a price-to-earnings ratio of 22.59 and a beta of 2.44.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on OLPX shares. Telsey Advisory Group reissued a "market perform" rating and set a $2.00 price target on shares of Olaplex in a research report on Wednesday. Barclays boosted their target price on Olaplex from $1.50 to $1.70 and gave the stock an "equal weight" rating in a research note on Wednesday, March 5th. Finally, Piper Sandler increased their price target on Olaplex from $1.50 to $2.00 and gave the company a "neutral" rating in a research report on Monday, January 6th.

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Hedge Funds Weigh In On Olaplex

A number of institutional investors have recently modified their holdings of OLPX. Geode Capital Management LLC grew 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 worth $8,717,000 after buying an additional 468,570 shares during the last quarter. Jane Street Group LLC grew its position in Olaplex by 5,728.5% in the 3rd 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 during the last quarter. Franklin Resources Inc. acquired a new position in Olaplex in the 3rd quarter valued at $664,000. Ninety One UK Ltd raised its position in Olaplex by 99.3% during the 4th 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 last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Olaplex in the 3rd quarter worth $80,000. 87.37% of the stock is owned by institutional investors and hedge funds.

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.