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

Olaplex Holdings, Inc. (NASDAQ:OLPX) General Counsel John C. Duffy sold 35,013 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $1.44, for a total value of $50,418.72. Following the transaction, the general counsel now directly owns 348,630 shares of the company’s stock, valued at approximately $502,027.20. This represents a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Olaplex Stock Performance

Shares of OLPX stock traded up $0.05 during midday trading on Monday, hitting $1.58. The company had a trading volume of 1,368,161 shares, compared to its average volume of 2,244,117. Olaplex Holdings, Inc. has a 52-week low of $1.19 and a 52-week high of $2.77. The company’s 50 day simple moving average is $1.54 and its 200 day simple moving average is $1.89. 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 debt-to-equity ratio of 0.73, a current ratio of 11.84 and a quick ratio of 10.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OLPX shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 price objective on shares of Olaplex in a research note on Tuesday, March 4th. Piper Sandler upped their price target on shares of Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. Finally, Barclays raised their price objective on shares of Olaplex from $1.50 to $1.70 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th.

Hedge Funds Weigh In On Olaplex

A number of large investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 purchasing an additional 77,444 shares in the last quarter. State of Wyoming grew its holdings in Olaplex by 53.6% during the 4th quarter. State of Wyoming now owns 301,253 shares of the company’s stock valued at $521,000 after buying an additional 105,164 shares during the last quarter. ProShare Advisors LLC increased its position in Olaplex by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 39,052 shares of the company’s stock worth $68,000 after buying an additional 12,852 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Olaplex by 33.2% in the fourth quarter. Deutsche Bank AG now owns 86,156 shares of the company’s stock valued at $149,000 after acquiring an additional 21,454 shares in the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Olaplex during the fourth quarter valued at $102,000. 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.