Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report) insider Trisha L. Fox sold 26,526 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $1.44, for a total transaction of $38,197.44. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Olaplex Price Performance
OLPX opened at $1.58 on Tuesday. The company has a fifty day simple moving average of $1.54 and a 200 day simple moving average of $1.89. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 26.34 and a beta of 2.44. Olaplex Holdings, Inc. has a twelve month low of $1.19 and a twelve month high of $2.77. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73.
Institutional Investors Weigh In On Olaplex
A number of large investors have recently added to or reduced their stakes in OLPX. Chemistry Wealth Management LLC bought a new position in Olaplex during the 4th quarter valued at $25,000. Cinctive Capital Management LP bought a new position in Olaplex during the 3rd quarter valued at $38,000. Abel Hall LLC boosted its stake in Olaplex by 68.1% during the 3rd quarter. Abel Hall LLC now owns 18,261 shares of the company's stock valued at $43,000 after acquiring an additional 7,397 shares during the last quarter. Hsbc Holdings PLC bought a new position in Olaplex during the 4th quarter valued at $34,000. Finally, BNP Paribas Financial Markets bought a new position in Olaplex during the 4th quarter valued at $35,000. 87.37% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
OLPX has been the subject of several recent research reports. Piper Sandler increased their price objective 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. Telsey Advisory Group reissued a "market perform" rating and issued a $2.00 price objective on shares of Olaplex in a research report on Tuesday, March 4th. Finally, Barclays raised their price target on shares of Olaplex from $1.50 to $1.70 and gave the company an "equal weight" rating in a report on Wednesday, March 5th.
View Our Latest Analysis on Olaplex
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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