Insider Buying: Olaplex Holdings, Inc. (NASDAQ:OLPX) Insider Purchases 10,000 Shares of Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report) insider Kenneth F. Egan bought 10,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was bought at an average cost of $1.34 per share, for a total transaction of $13,400.00. Following the transaction, the insider now directly owns 10,000 shares of the company's stock, valued at $13,400. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Olaplex Stock Down 0.7 %

Shares of OLPX stock traded down $0.01 during trading hours on Friday, reaching $1.34. 1,905,671 shares of the stock were exchanged, compared to its average volume of 2,216,308. The business's fifty day moving average is $1.49 and its two-hundred day moving average is $1.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 11.84 and a quick ratio of 10.32. Olaplex Holdings, Inc. has a 12-month low of $1.19 and a 12-month high of $2.77. The firm has a market capitalization of $890.59 million, a P/E ratio of 22.34 and a beta of 2.44.

Hedge Funds Weigh In On Olaplex

Several hedge funds have recently added to or reduced their stakes in OLPX. T. Rowe Price Investment Management Inc. increased its stake in Olaplex by 181.6% in 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 during the last quarter. Boston Partners grew its position in shares of Olaplex by 276.0% during the fourth quarter. Boston Partners now owns 6,674,169 shares of the company's stock worth $11,257,000 after acquiring an additional 4,899,171 shares during the last quarter. Jane Street Group LLC lifted its holdings 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 worth $6,188,000 after purchasing an additional 2,588,216 shares during the period. Ninety One UK Ltd lifted its holdings 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 worth $7,335,000 after purchasing an additional 2,112,009 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings 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 worth $4,008,000 after purchasing an additional 1,432,400 shares during the period. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

OLPX has been the topic of a number of recent analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $2.00 target price on shares of Olaplex in a research report on Wednesday, March 12th. Piper Sandler increased their price target on shares of Olaplex from $1.50 to $2.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Finally, Barclays increased their price target on shares of Olaplex from $1.50 to $1.70 and gave the stock an "equal weight" rating in a research report on Wednesday, March 5th.

About Olaplex

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.