Olaplex (NASDAQ:OLPX) CFO Catherine Dunleavy Sells 93,809 Shares of Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) CFO Catherine Dunleavy sold 93,809 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $1.26, for a total value of $118,199.34. Following the sale, the chief financial officer directly owned 3,026,885 shares of the company’s stock, valued at $3,813,875.10. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Olaplex Trading Up 4.2%

Shares of OLPX stock opened at $1.25 on Tuesday. The company has a market capitalization of $836.75 million, a P/E ratio of -125.00 and a beta of 2.24. The company has a current ratio of 4.58, a quick ratio of 4.00 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $1.54 and its two-hundred day moving average is $1.35. Olaplex Holdings, Inc. has a twelve month low of $0.99 and a twelve month high of $1.84.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $105.12 million during the quarter, compared to analysts’ expectations of $104.21 million. Olaplex had a positive return on equity of 1.07% and a negative net margin of 2.19%.The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 earnings per share. Equities analysts forecast that Olaplex Holdings, Inc. will post 0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OLPX. Zacks Research raised Olaplex from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Wall Street Zen raised Olaplex from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Olaplex in a research note on Thursday, January 22nd. Finally, Morgan Stanley set a $1.40 price objective on Olaplex in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1.88.

Institutional Trading of Olaplex

Large investors have recently modified their holdings of the business. Headlands Technologies LLC purchased a new position in shares of Olaplex during the 4th quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new stake in Olaplex during the 3rd quarter valued at $26,000. Abel Hall LLC acquired a new stake in Olaplex during the 4th quarter valued at $27,000. Schonfeld Strategic Advisors LLC purchased a new position in Olaplex during the third quarter worth $30,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Olaplex during the third quarter worth $32,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

About Olaplex

Olaplex, Inc (NASDAQ: OLPX) is a specialty haircare company known for its patented bond-building technology designed to repair and strengthen hair from within. The company’s core offerings encompass a range of professional salon treatments and at-home maintenance products that target chemical damage, breakage and split ends. Olaplex formulations are built around a proprietary active ingredient that works at the molecular level to rebuild disulfide bonds broken during bleaching, coloring and heat styling processes.

Founded in 2014 and headquartered in Irvine, California, Olaplex initially gained traction among high-end salons before expanding into broader retail channels.