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

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Kenneth F. Egan bought 10,000 shares of Olaplex stock in a transaction on Friday, March 14th. The shares were acquired at an average price of $1.34 per share, for a total transaction of $13,400.00. Following the completion of the acquisition, the insider now owns 10,000 shares in the company, valued at $13,400. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Olaplex Stock Up 4.7 %

Shares of NASDAQ OLPX opened at $1.33 on Thursday. Olaplex Holdings, Inc. has a 1 year low of $1.19 and a 1 year high of $2.77. The company has a market capitalization of $883.94 million, a price-to-earnings ratio of 22.17 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. The business has a 50-day moving average of $1.50 and a two-hundred day moving average of $1.85.

Analysts Set New Price Targets

OLPX has been the topic of several analyst reports. Barclays lifted their target price on Olaplex from $1.50 to $1.70 and gave the company an “equal weight” rating in a report on Wednesday, March 5th. Piper Sandler lifted their price objective on Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $2.00 target price on shares of Olaplex in a report on Wednesday, March 12th.

Institutional Investors Weigh In On Olaplex

Several institutional investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. raised its holdings in Olaplex by 181.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 24,500,600 shares of the company’s stock worth $42,387,000 after purchasing an additional 15,800,642 shares in the last quarter. Boston Partners raised its stake in Olaplex by 276.0% during the 4th quarter. Boston Partners now owns 6,674,169 shares of the company’s stock worth $11,257,000 after acquiring an additional 4,899,171 shares in the last quarter. Jane Street Group LLC raised its stake in Olaplex by 5,728.5% during the 3rd quarter. Jane Street Group LLC now owns 2,633,397 shares of the company’s stock worth $6,188,000 after acquiring an additional 2,588,216 shares in the last quarter. Ninety One UK Ltd lifted its position in Olaplex by 99.3% in the fourth 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 last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Olaplex by 162.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,316,519 shares of the company’s stock valued at $4,008,000 after acquiring an additional 1,432,400 shares in the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.

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.