Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report) General Counsel John C. Duffy sold 11,730 shares of the stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $1.24, for a total transaction of $14,545.20. Following the transaction, the general counsel now directly owns 668,026 shares in the company, valued at approximately $828,352.24. This represents a 1.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Olaplex Trading Up 5.2 %
Shares of NASDAQ OLPX opened at $1.22 on Friday. The stock has a market capitalization of $810.84 million, a P/E ratio of 20.34 and a beta of 2.39. The stock's 50 day moving average price is $1.35 and its two-hundred day moving average price is $1.68. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73. Olaplex Holdings, Inc. has a 52-week low of $1.01 and a 52-week high of $2.77.
Analyst Ratings Changes
Several equities research analysts have issued reports on OLPX shares. Piper Sandler boosted their price objective on shares of Olaplex from $1.50 to $2.00 and gave the stock a "neutral" rating in a research note on Monday, January 6th. Barclays lifted their price target on shares of Olaplex from $1.50 to $1.70 and gave the stock an "equal weight" rating in a research note on Wednesday, March 5th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 target price on shares of Olaplex in a research note on Wednesday, March 12th.
Read Our Latest Report on Olaplex
Hedge Funds Weigh In On Olaplex
Several large investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new stake in shares of Olaplex during the first quarter worth $239,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Olaplex by 60.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 205,782 shares of the company's stock worth $356,000 after acquiring an additional 77,444 shares during the period. State of Wyoming lifted its holdings in Olaplex by 53.6% in the fourth quarter. State of Wyoming now owns 301,253 shares of the company's stock worth $521,000 after acquiring an additional 105,164 shares during the last quarter. ProShare Advisors LLC boosted its stake in Olaplex by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 39,052 shares of the company's stock valued at $68,000 after acquiring an additional 12,852 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of Olaplex by 33.2% during the fourth quarter. Deutsche Bank AG now owns 86,156 shares of the company's stock valued at $149,000 after purchasing an additional 21,454 shares during the last quarter. 87.37% of the stock is currently owned by institutional investors.
Olaplex Company Profile
(
Get Free Report)
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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