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 the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $1.44, for a total value of $50,418.72. Following the completion of the transaction, the general counsel now directly owns 348,630 shares in the company, valued at approximately $502,027.20. This represents a 9.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Olaplex Stock Performance

NASDAQ OLPX opened at $1.58 on Tuesday. The company has a 50-day simple moving average of $1.54 and a two-hundred day simple moving average of $1.89. 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 12-month low of $1.19 and a 12-month high of $2.77. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 26.34 and a beta of 2.44.

Analysts Set New Price Targets

A number of research analysts recently commented on OLPX shares. Barclays increased their target price on Olaplex from $1.50 to $1.70 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. Telsey Advisory Group restated a “market perform” rating and set a $2.00 price target on shares of Olaplex in a research report on Tuesday, March 4th. Finally, 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.

Institutional Trading of Olaplex

Several institutional investors have recently added to or reduced their stakes in OLPX. Chemistry Wealth Management LLC purchased a new stake in Olaplex during the fourth quarter valued at about $25,000. Hsbc Holdings PLC purchased a new stake in shares of Olaplex during the fourth quarter worth about $34,000. BNP Paribas Financial Markets purchased a new stake in shares of Olaplex during the fourth quarter worth about $35,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Olaplex during the fourth quarter worth about $36,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of 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 purchasing an additional 15,911 shares during the period. 87.37% of the stock is currently 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.