Olaplex Holdings, Inc. (NASDAQ:OLPX) Insider Kenneth F. Egan Purchases 10,000 Shares of Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Kenneth F. Egan acquired 10,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were bought at an average price of $1.34 per share, for a total transaction of $13,400.00. Following the acquisition, the insider now owns 10,000 shares in the company, valued at approximately $13,400. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Olaplex Price Performance

Shares of OLPX opened at $1.27 on Wednesday. The company has a market capitalization of $844.07 million, a price-to-earnings ratio of 21.17 and a beta of 2.44. Olaplex Holdings, Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $2.77. The company has a debt-to-equity ratio of 0.73, a current ratio of 11.84 and a quick ratio of 10.32. The business’s 50-day moving average is $1.50 and its 200-day moving average is $1.85.

Analyst Upgrades and Downgrades

Several analysts have issued reports on OLPX shares. Barclays boosted their price objective on Olaplex from $1.50 to $1.70 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. Piper Sandler upped their target price on Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 target price on shares of Olaplex in a report on Wednesday, March 12th.

Hedge Funds Weigh In On Olaplex

A number of large investors have recently made changes to their positions in OLPX. T. Rowe Price Investment Management Inc. grew its stake in shares of Olaplex by 181.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 24,500,600 shares of the company’s stock valued at $42,387,000 after buying an additional 15,800,642 shares in the last quarter. Boston Partners grew its stake in shares of Olaplex by 276.0% in the 4th quarter. Boston Partners now owns 6,674,169 shares of the company’s stock valued at $11,257,000 after buying an additional 4,899,171 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Olaplex by 5,728.5% in the 3rd quarter. Jane Street Group LLC now owns 2,633,397 shares of the company’s stock valued at $6,188,000 after buying an additional 2,588,216 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of Olaplex by 99.3% in the 4th quarter. Ninety One UK Ltd now owns 4,239,796 shares of the company’s stock valued at $7,335,000 after buying an additional 2,112,009 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Olaplex by 162.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,316,519 shares of the company’s stock valued at $4,008,000 after buying an additional 1,432,400 shares in the last quarter. Institutional investors and hedge funds own 87.37% of the company’s stock.

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.