Olaplex Holdings, Inc. (NASDAQ:OLPX) Insider Trisha L. Fox Sells 26,526 Shares

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Trisha L. Fox sold 26,526 shares of the 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 $38,197.44. Following the transaction, the insider now directly owns 461,548 shares of the company’s stock, valued at $664,629.12. This represents a 5.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Olaplex Stock Down 6.0 %

Shares of NASDAQ:OLPX opened at $1.42 on Thursday. The firm has a fifty day moving average price of $1.53 and a two-hundred day moving average price of $1.88. 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 one year low of $1.19 and a one year high of $2.77. The company has a market cap of $943.76 million, a price-to-earnings ratio of 23.67 and a beta of 2.44.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $2.00 price objective on shares of Olaplex in a report on Wednesday. Barclays raised their price objective on shares of Olaplex from $1.50 to $1.70 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. Finally, Piper Sandler raised 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.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Chemistry Wealth Management LLC bought a new position in Olaplex in the 4th quarter valued at $25,000. Cinctive Capital Management LP bought a new position in Olaplex in the 3rd quarter valued at $38,000. Abel Hall LLC boosted its holdings in Olaplex by 68.1% in the 3rd 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 bought a new position in Olaplex in the 4th quarter valued at $34,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Olaplex during the 4th quarter valued at $35,000. 87.37% of the stock is owned by institutional investors.

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.