Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report) insider Trisha L. Fox sold 26,526 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $1.44, for a total value of $38,197.44. Following the sale, the insider now directly owns 461,548 shares in the company, valued at $664,629.12. This trade represents a 5.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Olaplex Price Performance
Shares of OLPX traded up $0.02 during trading hours on Friday, reaching $1.36. 811,236 shares of the company traded hands, compared to its average volume of 1,380,783. The stock has a market capitalization of $900.56 million, a PE ratio of 22.59 and a beta of 2.44. The stock has a fifty day simple moving average of $1.53 and a 200 day simple moving average of $1.88. 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 quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73.
Institutional Investors Weigh In On Olaplex
Hedge funds and other institutional investors have recently modified their holdings of the company. Chemistry Wealth Management LLC purchased a new stake in Olaplex in the 4th quarter worth approximately $25,000. Cinctive Capital Management LP acquired a new stake in shares of Olaplex during the third quarter worth $38,000. Abel Hall LLC grew its position in shares of Olaplex by 68.1% in the third quarter. Abel Hall LLC now owns 18,261 shares of the company's stock valued at $43,000 after purchasing an additional 7,397 shares during the period. Hsbc Holdings PLC acquired a new position in Olaplex in the fourth quarter valued at $34,000. Finally, BNP Paribas Financial Markets purchased a new position in Olaplex during the fourth quarter worth about $35,000. 87.37% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
OLPX has been the topic of several research reports. Telsey Advisory Group reissued a "market perform" rating and issued a $2.00 target price on shares of Olaplex in a report on Wednesday. Barclays boosted their price objective 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. Finally, Piper Sandler lifted their target price 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.
Read Our Latest Analysis on OLPX
About Olaplex
(
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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.
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