Olaplex (NASDAQ:OLPX) CFO Sells $118,199.34 in Stock

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

Olaplex Price Performance

Olaplex stock opened at $1.27 on Thursday. Olaplex Holdings, Inc. has a 52 week low of $0.99 and a 52 week high of $1.84. The company has a quick ratio of 4.00, a current ratio of 4.58 and a debt-to-equity ratio of 0.40. The firm’s 50-day simple moving average is $1.53 and its 200 day simple moving average is $1.35. The firm has a market capitalization of $850.14 million, a PE ratio of -127.00 and a beta of 2.24.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OLPX. Archon Capital Management LLC increased its stake in Olaplex by 40.4% in the fourth quarter. Archon Capital Management LLC now owns 4,466,876 shares of the company’s stock valued at $5,986,000 after purchasing an additional 1,284,557 shares during the last quarter. Geode Capital Management LLC boosted its stake in Olaplex by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 3,865,034 shares of the company’s stock worth $5,180,000 after buying an additional 106,048 shares during the last quarter. Portolan Capital Management LLC grew its holdings in Olaplex by 132.6% in the 3rd 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. Ninety One UK Ltd grew its holdings in Olaplex by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 3,525,027 shares of the company’s stock valued at $4,724,000 after buying an additional 139,109 shares during the period. Finally, State Street Corp increased its stake in shares of Olaplex by 3.5% during the 4th quarter. State Street Corp now owns 3,059,988 shares of the company’s stock valued at $4,100,000 after acquiring an additional 103,875 shares during the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Analyst Ratings Changes

OLPX has been the subject of a number of analyst reports. Morgan Stanley set a $1.40 price target on Olaplex in a report on Tuesday, March 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 price objective on shares of Olaplex in a research note on Monday, March 2nd. Barclays set a $1.75 price objective on Olaplex in a research report on Friday, January 16th. Zacks Research raised shares of Olaplex from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Olaplex in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.