Squarepoint Ops LLC Sells 284,932 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX)

Squarepoint Ops LLC lowered its stake in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) by 30.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 660,061 shares of the company's stock after selling 284,932 shares during the period. Squarepoint Ops LLC owned 0.10% of Olaplex worth $1,142,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new position in Olaplex in the 4th quarter valued at $34,000. BNP Paribas Financial Markets acquired a new stake in shares of Olaplex during the 4th quarter worth $35,000. Parkside Financial Bank & Trust grew its holdings in shares of Olaplex by 290.1% during the 4th 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 in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Olaplex during the 4th quarter worth $43,000. Finally, Virtu Financial LLC acquired a new stake in shares of Olaplex during the 4th quarter worth $55,000. Institutional investors own 87.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen lowered Olaplex from a "hold" rating to a "sell" rating in a research note on Friday. Barclays lifted their target price on Olaplex from $1.20 to $1.40 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $2.00 target price on shares of Olaplex in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $1.85.

Insiders Place Their Bets

In related news, insider Trisha L. Fox sold 26,526 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $1.44, for a total transaction of $38,197.44. Following the completion of the sale, the insider now directly owns 461,548 shares in the company, valued at $664,629.12. This represents a 5.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel John C. Duffy sold 35,013 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $1.44, for a total value of $50,418.72. Following the completion of the sale, the general counsel now owns 348,630 shares of the company's stock, valued at approximately $502,027.20. This trade represents a 9.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,109 shares of company stock worth $123,538 in the last ninety days. 4.30% of the stock is currently owned by insiders.

Olaplex Stock Performance

Shares of NASDAQ OLPX traded up $0.06 during midday trading on Tuesday, reaching $1.34. The company's stock had a trading volume of 346,935 shares, compared to its average volume of 2,130,964. The stock has a market capitalization of $888.79 million, a P/E ratio of 22.25 and a beta of 2.37. 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 firm has a 50 day moving average price of $1.26 and a 200-day moving average price of $1.51. Olaplex Holdings, Inc. has a 12-month low of $1.01 and a 12-month high of $2.77.

Olaplex (NASDAQ:OLPX - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.02). Olaplex had a net margin of 9.78% and a return on equity of 10.50%. The firm had revenue of $96.98 million during the quarter, compared to the consensus estimate of $93.82 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The business's quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts predict that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current year.

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.