Catherine Dunleavy Sells 93,809 Shares of Olaplex (NASDAQ:OLPX) Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) CFO Catherine Dunleavy sold 93,809 shares of Olaplex stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $1.26, for a total transaction of $118,199.34. Following the transaction, the chief financial officer directly owned 3,026,885 shares in the company, valued at $3,813,875.10. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Olaplex Stock Up 4.2%

Shares of NASDAQ OLPX traded up $0.05 during trading on Monday, hitting $1.25. The stock had a trading volume of 1,389,924 shares, compared to its average volume of 1,785,522. The firm has a fifty day moving average of $1.54 and a two-hundred day moving average of $1.36. The company has a market capitalization of $836.75 million, a PE ratio of -125.00 and a beta of 2.24. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.58 and a quick ratio of 4.00. Olaplex Holdings, Inc. has a 12 month low of $0.99 and a 12 month high of $1.84.

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

Institutional Trading of Olaplex

A number of large investors have recently bought and sold shares of OLPX. Portolan Capital Management LLC raised its stake in shares of Olaplex by 132.6% in 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 period. Russell Investments Group Ltd. lifted its position in shares of Olaplex by 284.7% during the 4th quarter. Russell Investments Group Ltd. now owns 1,909,836 shares of the company’s stock valued at $2,559,000 after buying an additional 1,413,423 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Olaplex by 1,314.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,508,013 shares of the company’s stock worth $2,111,000 after acquiring an additional 1,401,369 shares during the period. Archon Capital Management LLC increased its holdings in Olaplex by 40.4% in the 4th quarter. Archon Capital Management LLC now owns 4,466,876 shares of the company’s stock worth $5,986,000 after acquiring an additional 1,284,557 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Olaplex by 56.2% in the 2nd quarter. Bridgeway Capital Management LLC now owns 2,629,139 shares of the company’s stock worth $3,681,000 after acquiring an additional 946,265 shares during the last quarter. 87.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on OLPX. Weiss Ratings reissued a “sell (d)” rating on shares of Olaplex in a research report on Thursday, January 22nd. Morgan Stanley set a $1.40 target price on Olaplex in a report on Tuesday, March 10th. Barclays set a $1.75 price target on Olaplex in a research report on Friday, January 16th. Jefferies Financial Group reiterated a “buy” rating on shares of Olaplex in a report on Wednesday, March 4th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price objective on shares of Olaplex in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Olaplex presently has an average rating of “Hold” and a consensus target price of $1.88.

About Olaplex

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.