Olaplex (NASDAQ:OLPX) CFO Sells $118,199.34 in Stock

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

Olaplex Trading Up 4.2%

Shares of OLPX stock traded up $0.05 during trading hours on Monday, hitting $1.25. 1,389,924 shares of the company were exchanged, compared to its average volume of 1,785,522. The firm has a market cap of $836.75 million, a P/E ratio of -125.00 and a beta of 2.24. Olaplex Holdings, Inc. has a fifty-two week low of $0.99 and a fifty-two week high of $1.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.00 and a current ratio of 4.58. The company has a 50 day simple moving average of $1.54 and a two-hundred day simple moving average of $1.36.

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

Hedge Funds Weigh In On Olaplex

A number of hedge funds have recently added to or reduced their stakes in the stock. Archon Capital Management LLC increased its holdings in Olaplex by 40.4% during the 4th quarter. Archon Capital Management LLC now owns 4,466,876 shares of the company’s stock worth $5,986,000 after purchasing an additional 1,284,557 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Olaplex by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 3,865,034 shares of the company’s stock valued at $5,180,000 after purchasing an additional 106,048 shares in the last quarter. Portolan Capital Management LLC boosted its position in shares of Olaplex by 132.6% during the third quarter. Portolan Capital Management LLC now owns 3,635,124 shares of the company’s stock valued at $4,762,000 after buying an additional 2,072,383 shares during the last quarter. Ninety One UK Ltd boosted its position in shares of Olaplex by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 3,525,027 shares of the company’s stock valued at $4,724,000 after buying an additional 139,109 shares during the last quarter. Finally, State Street Corp grew its holdings in Olaplex by 3.5% during the fourth quarter. State Street Corp now owns 3,059,988 shares of the company’s stock worth $4,100,000 after buying an additional 103,875 shares in the last quarter. Institutional investors and hedge funds own 87.37% of the company’s stock.

Analysts Set New Price Targets

OLPX has been the subject of several research reports. Northland Securities initiated coverage on Olaplex in a research note on Thursday, November 20th. They issued an “outperform” rating and a $2.00 target price for the company. Zacks Research raised Olaplex from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Wall Street Zen upgraded Olaplex from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Barclays set a $1.75 price objective on Olaplex in a research note on Friday, January 16th. Finally, Morgan Stanley set a $1.40 target price on Olaplex in a research report on Tuesday, March 10th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1.88.

Olaplex Company Profile

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.