Olaplex Holdings, Inc. (NASDAQ:OLPX) Shares Bought by Boston Partners

Boston Partners raised its position in Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) by 276.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,674,169 shares of the company's stock after purchasing an additional 4,899,171 shares during the quarter. Boston Partners owned about 1.01% of Olaplex worth $11,257,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Chemistry Wealth Management LLC acquired a new position in Olaplex in the fourth quarter valued at approximately $25,000. Cornerstone Wealth Management LLC purchased a new stake in Olaplex in the fourth quarter valued at $36,000. Parkside Financial Bank & Trust lifted its stake in shares of Olaplex by 290.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company's stock valued at $37,000 after purchasing an additional 15,911 shares during the last quarter. Cinctive Capital Management LP purchased a new position in shares of Olaplex during the 3rd quarter worth $38,000. Finally, Abel Hall LLC increased its position in shares of Olaplex by 68.1% during the 3rd quarter. Abel Hall LLC now owns 18,261 shares of the company's stock worth $43,000 after purchasing an additional 7,397 shares during the last quarter. Hedge funds and other institutional investors own 87.37% of the company's stock.

Olaplex Trading Down 3.8 %

NASDAQ OLPX traded down $0.05 during trading on Tuesday, hitting $1.26. The stock had a trading volume of 916,006 shares, compared to its average volume of 2,222,342. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $837.42 million, a PE ratio of 21.00 and a beta of 2.44. The firm has a 50 day moving average price of $1.48 and a 200 day moving average price of $1.83. Olaplex Holdings, Inc. has a twelve month low of $1.19 and a twelve month high of $2.77.

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Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays upped their target price on shares of 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 upped 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, Telsey Advisory Group reiterated a "market perform" rating and issued a $2.00 target price on shares of Olaplex in a report on Wednesday, March 12th.

Insider Buying and Selling

In related news, General Counsel John C. Duffy sold 35,013 shares of Olaplex stock in a transaction on Friday, March 7th. The stock was sold at an average price of $1.44, for a total value of $50,418.72. Following the completion of the transaction, the general counsel now directly owns 348,630 shares in the company, valued at approximately $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. Also, insider Trisha L. Fox sold 26,526 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 461,548 shares of the company's stock, valued at $664,629.12. The trade was a 5.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.

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.