Olaplex Holdings, Inc. (NASDAQ:OLPX) General Counsel Sells $50,418.72 in Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) General Counsel John C. Duffy sold 35,013 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 $50,418.72. Following the completion of the sale, the general counsel now owns 348,630 shares of the company’s stock, valued at $502,027.20. The trade was a 9.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Olaplex Stock Performance

Shares of OLPX stock opened at $1.42 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84. The company has a market capitalization of $943.76 million, a P/E ratio of 23.67 and a beta of 2.44. The stock has a 50 day moving average price of $1.53 and a two-hundred day moving average price of $1.88. Olaplex Holdings, Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $2.77.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Olaplex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Abel Hall LLC grew its stake in Olaplex by 68.1% in the third 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 period. Charles Schwab Investment Management Inc. grew its stake in Olaplex by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,688 shares of the company’s stock worth $1,861,000 after purchasing an additional 9,661 shares during the period. Belpointe Asset Management LLC grew its stake in Olaplex by 23.6% in the fourth quarter. Belpointe Asset Management LLC now owns 61,461 shares of the company’s stock worth $106,000 after purchasing an additional 11,724 shares during the period. ProShare Advisors LLC grew its stake in Olaplex by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 39,052 shares of the company’s stock worth $68,000 after purchasing an additional 12,852 shares during the period. Finally, Chemistry Wealth Management LLC purchased a new stake in Olaplex in the fourth quarter worth $25,000. 87.37% of the stock is owned by hedge funds and other institutional investors.

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.