Insider Selling: Olaplex Holdings, Inc. (NASDAQ:OLPX) Insider Sells 16,840 Shares of Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report) insider Trisha L. Fox sold 16,840 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $1.21, for a total value of $20,376.40. Following the transaction, the insider now owns 763,220 shares of the company's stock, valued at approximately $923,496.20. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Olaplex Stock Down 0.4%

Olaplex stock traded down $0.01 during mid-day trading on Friday, reaching $1.32. 623,298 shares of the company were exchanged, compared to its average volume of 2,147,940. The firm has a market cap of $875.47 million, a P/E ratio of 21.92 and a beta of 2.37. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84. Olaplex Holdings, Inc. has a 12-month low of $1.01 and a 12-month high of $2.77. The business has a fifty day moving average of $1.26 and a 200 day moving average of $1.52.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays increased their target price on Olaplex from $1.20 to $1.40 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 target price on shares of Olaplex in a research note on Friday, May 9th. Finally, Wall Street Zen downgraded Olaplex from a "hold" rating to a "sell" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $1.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its position in shares of Olaplex by 12.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 27,567,214 shares of the company's stock valued at $35,011,000 after purchasing an additional 3,066,614 shares during the last quarter. Boston Partners raised its stake in shares of Olaplex by 276.0% in the 4th quarter. Boston Partners now owns 6,674,169 shares of the company's stock valued at $11,257,000 after acquiring an additional 4,899,171 shares during the period. Ninety One UK Ltd raised its stake in shares of Olaplex by 99.3% in the 4th 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 period. Renaissance Technologies LLC grew its holdings in Olaplex by 9.6% during the 4th quarter. Renaissance Technologies LLC now owns 3,076,969 shares of the company's stock valued at $5,323,000 after purchasing an additional 268,969 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Olaplex by 162.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,316,519 shares of the company's stock valued at $4,008,000 after purchasing an additional 1,432,400 shares in the last quarter. 87.37% of the stock is currently owned by institutional investors and hedge funds.

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.