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 Olaplex stock in a transaction that occurred 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 in the company, valued at $664,629.12. This trade represents a 5.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Olaplex Price Performance

Shares of Olaplex stock traded up $0.05 during trading on Monday, hitting $1.58. 1,368,161 shares of the stock traded hands, compared to its average volume of 2,244,117. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 26.34 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. Olaplex Holdings, Inc. has a 52 week low of $1.19 and a 52 week high of $2.77. The firm’s fifty day moving average is $1.54 and its 200-day moving average is $1.89.

Wall Street Analysts Forecast Growth

OLPX has been the topic of several research reports. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 target price on shares of Olaplex in a research note on Tuesday, March 4th. Barclays upped their price objective 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. Finally, Piper Sandler lifted their target price 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.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in OLPX. T. Rowe Price Investment Management Inc. grew its holdings in shares of Olaplex by 181.6% during 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 purchasing an additional 15,800,642 shares during the last quarter. Boston Partners increased its holdings in shares of Olaplex by 276.0% in the fourth quarter. Boston Partners now owns 6,674,169 shares of the company’s stock worth $11,257,000 after buying an additional 4,899,171 shares during the period. Jane Street Group LLC lifted 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 acquiring an additional 2,588,216 shares during the last quarter. Ninety One UK Ltd boosted its holdings in Olaplex by 99.3% during the 4th quarter. Ninety One UK Ltd now owns 4,239,796 shares of the company’s stock valued at $7,335,000 after acquiring an additional 2,112,009 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Olaplex by 162.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,316,519 shares of the company’s stock worth $4,008,000 after acquiring an additional 1,432,400 shares during the last quarter. 87.37% of the stock is owned by hedge funds and other 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.