Marshall Wace LLP Buys 862,419 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX)

Marshall Wace LLP grew its position in Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) by 620.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,001,339 shares of the company's stock after purchasing an additional 862,419 shares during the period. Marshall Wace LLP owned about 0.15% of Olaplex worth $1,732,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of Olaplex by 14.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,708,821 shares of the company's stock valued at $8,717,000 after buying an additional 468,570 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Olaplex during the 3rd quarter valued at about $664,000. Chemistry Wealth Management LLC acquired a new stake in shares of Olaplex during the 4th quarter valued at about $25,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Olaplex during the 4th quarter valued at about $36,000. Finally, Ninety One UK Ltd lifted its holdings in shares of Olaplex by 99.3% during the 4th quarter. Ninety One UK Ltd now owns 4,239,796 shares of the company's stock valued at $7,335,000 after buying an additional 2,112,009 shares during the last quarter. 87.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on OLPX shares. Telsey Advisory Group restated a "market perform" rating and issued a $2.00 target price on shares of Olaplex in a report on Wednesday, March 12th. Piper Sandler boosted their target price on Olaplex from $1.50 to $2.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. Finally, Barclays boosted their target price on Olaplex from $1.50 to $1.70 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th.

Olaplex Price Performance

NASDAQ OLPX remained flat at $1.31 during trading on Thursday. The company's stock had a trading volume of 860,213 shares, compared to its average volume of 2,170,975. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73. The business's 50 day moving average is $1.32 and its 200 day moving average is $1.62. The firm has a market cap of $872.14 million, a price-to-earnings ratio of 21.84 and a beta of 2.39. Olaplex Holdings, Inc. has a 52 week low of $1.01 and a 52 week high of $2.77.

Insiders Place Their Bets

In other Olaplex news, insider Trisha L. Fox sold 26,526 shares of Olaplex 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 $38,197.44. Following the transaction, the insider now directly owns 461,548 shares of the company's stock, valued at $664,629.12. The trade was a 5.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel John C. Duffy sold 35,013 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $1.44, for a total value of $50,418.72. Following the sale, the general counsel now owns 348,630 shares in the company, valued at approximately $502,027.20. This represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,269 shares of company stock valued at $103,161 in the last three months. Company insiders own 4.20% of the company's stock.

Olaplex 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.