Olaplex Holdings, Inc. (NASDAQ:OLPX) General Counsel John C. Duffy Sells 35,013 Shares

Olaplex Holdings, Inc. (NASDAQ:OLPX) General Counsel John C. Duffy sold 35,013 shares of Olaplex stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $1.44, for a total transaction of $50,418.72. Following the sale, the general counsel now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Olaplex Stock Performance

Shares of NASDAQ:OLPX opened at $1.51 on Wednesday. Olaplex Holdings, Inc. has a 12-month low of $1.19 and a 12-month high of $2.77. The company’s 50 day moving average price is $1.53 and its two-hundred day moving average price is $1.88. The firm has a market cap of $1.00 billion, a PE ratio of 25.17 and a beta of 2.44. The company has a quick ratio of 10.32, a current ratio of 11.84 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 acquired a new position in Olaplex in the 4th quarter valued at $25,000. Hsbc Holdings PLC acquired a new position in Olaplex in the fourth quarter valued at about $34,000. BNP Paribas Financial Markets bought a new stake in Olaplex during the fourth quarter worth about $35,000. Cornerstone Wealth Management LLC acquired a new stake in Olaplex during the fourth quarter worth about $36,000. Finally, Parkside Financial Bank & Trust grew its stake in Olaplex by 290.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company’s stock worth $37,000 after buying an additional 15,911 shares in the last quarter. Institutional investors and hedge funds own 87.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on OLPX shares. Telsey Advisory Group restated a “market perform” rating and set a $2.00 price objective on shares of Olaplex in a research report on Tuesday, March 4th. Barclays lifted their price target on 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 upped their price objective on Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a report on Monday, January 6th.

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.