853,199 Shares in Olaplex Holdings, Inc. $OLPX Acquired by Carmignac Gestion

Carmignac Gestion bought a new position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 853,199 shares of the company’s stock, valued at approximately $1,732,000. Carmignac Gestion owned 0.13% of Olaplex as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of OLPX. Empowered Funds LLC bought a new stake in shares of Olaplex during the first quarter worth $576,000. Jane Street Group LLC lifted its position in Olaplex by 151.8% in the 1st quarter. Jane Street Group LLC now owns 88,321 shares of the company’s stock valued at $112,000 after acquiring an additional 258,873 shares in the last quarter. Creative Planning lifted its position in Olaplex by 35.0% in the 2nd quarter. Creative Planning now owns 37,357 shares of the company’s stock valued at $52,000 after acquiring an additional 9,690 shares in the last quarter. Norges Bank acquired a new position in Olaplex in the 2nd quarter worth $105,000. Finally, Marshall Wace LLP boosted its stake in Olaplex by 121.4% in the 2nd quarter. Marshall Wace LLP now owns 346,347 shares of the company’s stock worth $485,000 after purchasing an additional 189,947 shares during the period. Institutional investors own 87.37% of the company’s stock.

Insider Activity at Olaplex

In other news, insider Trisha L. Fox sold 16,324 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $2.04, for a total value of $33,300.96. Following the completion of the transaction, the insider owned 1,064,039 shares in the company, valued at $2,170,639.56. This trade represents a 1.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 4.80% of the stock is currently owned by corporate insiders.

Olaplex Stock Performance

Shares of OLPX stock opened at $2.07 on Monday. Olaplex Holdings, Inc. has a 12 month low of $0.99 and a 12 month high of $2.09. The company’s fifty day simple moving average is $2.06 and its 200-day simple moving average is $1.85. The firm has a market cap of $1.39 billion, a PE ratio of -103.50 and a beta of 1.85. The company has a quick ratio of 5.34, a current ratio of 6.27 and a debt-to-equity ratio of 0.40.

Olaplex (NASDAQ:OLPX) last released its earnings results on Monday, May 11th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Olaplex had a negative net margin of 3.53% and a positive return on equity of 2.23%. The business had revenue of $99.37 million during the quarter, compared to the consensus estimate of $94.11 million. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts expect that Olaplex Holdings, Inc. will post 0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Zacks Research raised Olaplex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Barclays upped their price objective on Olaplex from $1.75 to $2.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Olaplex in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Olaplex currently has an average rating of “Hold” and a consensus target price of $1.92.

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.