Insider Selling: Origin Materials, Inc. (NASDAQ:ORGN) CEO Sells 36,000 Shares of Stock

Origin Materials, Inc. (NASDAQ:ORGN) CEO John Bissell sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $1.14, for a total transaction of $41,040.00. Following the sale, the chief executive officer now owns 1,581,230 shares of the company’s stock, valued at approximately $1,802,602.20. This represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Origin Materials Stock Down 3.6 %

Shares of ORGN traded down $0.04 during mid-day trading on Tuesday, reaching $1.08. 1,188,129 shares of the stock traded hands, compared to its average volume of 1,666,373. The firm has a market cap of $157.95 million, a price-to-earnings ratio of -1.89 and a beta of 0.95. The stock has a fifty day simple moving average of $1.29 and a 200 day simple moving average of $1.21. Origin Materials, Inc. has a 12-month low of $0.44 and a 12-month high of $1.90.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ORGN. Vanguard Personalized Indexing Management LLC acquired a new stake in Origin Materials during the second quarter worth about $31,000. US Bancorp DE increased its position in Origin Materials by 464.0% in the third quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock worth $43,000 after buying an additional 23,200 shares during the period. Moss Adams Wealth Advisors LLC bought a new stake in Origin Materials in the second quarter valued at $45,000. Point72 DIFC Ltd acquired a new position in shares of Origin Materials during the second quarter valued at $50,000. Finally, AQR Capital Management LLC grew its position in shares of Origin Materials by 352.9% during the second quarter. AQR Capital Management LLC now owns 98,969 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 77,119 shares during the last quarter. 29.91% of the stock is currently owned by institutional investors.

About Origin Materials

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.