Kenneth F. Egan Buys 10,000 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Kenneth F. Egan bought 10,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $1.34 per share, with a total value of $13,400.00. Following the transaction, the insider now owns 10,000 shares in the company, valued at approximately $13,400. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Olaplex Stock Up 1.5 %

Shares of OLPX opened at $1.35 on Friday. The company has a 50-day simple moving average of $1.49 and a 200-day simple moving average of $1.84. The firm has a market capitalization of $897.24 million, a P/E ratio of 22.50 and a beta of 2.44. 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 52 week low of $1.19 and a 52 week high of $2.77.

Analyst Ratings Changes

OLPX has been the subject of a number of research analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $2.00 target price on shares of Olaplex in a research report on Wednesday, March 12th. Barclays upped their price objective 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. Finally, Piper Sandler upped their price objective on shares of Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a research report on Monday, January 6th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in Olaplex by 101.0% in the third quarter. Victory Capital Management Inc. now owns 128,079 shares of the company’s stock valued at $301,000 after acquiring an additional 64,370 shares during the period. Intech Investment Management LLC bought a new stake in Olaplex in the third quarter valued at about $80,000. Charles Schwab Investment Management Inc. increased its stake in Olaplex by 10.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,066,027 shares of the company’s stock valued at $2,505,000 after acquiring an additional 102,752 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Olaplex in the third quarter valued at about $141,000. Finally, MetLife Investment Management LLC increased its stake in Olaplex by 56.4% in the third quarter. MetLife Investment Management LLC now owns 57,903 shares of the company’s stock valued at $136,000 after acquiring an additional 20,891 shares during the period. Institutional investors and hedge funds own 87.37% of the company’s stock.

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.