John C. Duffy Sells 11,730 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) General Counsel John C. Duffy sold 11,730 shares of the firm’s stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $1.24, for a total transaction of $14,545.20. Following the sale, the general counsel now owns 668,026 shares of the company’s stock, valued at $828,352.24. This represents a 1.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Olaplex Stock Up 5.2 %

NASDAQ:OLPX opened at $1.22 on Friday. Olaplex Holdings, Inc. has a 52 week low of $1.01 and a 52 week high of $2.77. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average is $1.34 and its two-hundred day moving average is $1.68. The stock has a market capitalization of $810.84 million, a price-to-earnings ratio of 20.34 and a beta of 2.39.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Piper Sandler raised their target price on Olaplex from $1.50 to $2.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Telsey Advisory Group reissued a “market perform” rating and set a $2.00 price objective on shares of Olaplex in a research report on Wednesday, March 12th. Finally, Barclays upped their target price on shares of Olaplex from $1.50 to $1.70 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th.

Hedge Funds Weigh In On Olaplex

Several hedge funds have recently bought and sold shares of OLPX. Chemistry Wealth Management LLC purchased a new stake in Olaplex during the fourth quarter worth about $25,000. Hsbc Holdings PLC acquired a new position in shares of Olaplex in the fourth quarter valued at approximately $34,000. BNP Paribas Financial Markets purchased a new stake in Olaplex during the 4th quarter worth approximately $35,000. Cornerstone Wealth Management LLC acquired a new stake in Olaplex during the 4th quarter worth approximately $36,000. Finally, Parkside Financial Bank & Trust boosted its position in Olaplex by 290.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company’s stock valued at $37,000 after buying an additional 15,911 shares during the period. Institutional investors and hedge funds own 87.37% of the company’s stock.

About Olaplex

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.