Origin Materials, Inc. (NASDAQ:ORGN) CFO Sells $24,990.00 in Stock

Origin Materials, Inc. (NASDAQ:ORGN) CFO Matthew T. Plavan sold 24,500 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $1.02, for a total transaction of $24,990.00. Following the completion of the transaction, the chief financial officer now directly owns 1,439,588 shares of the company’s stock, valued at $1,468,379.76. The trade was a 1.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Origin Materials Trading Up 11.3 %

Shares of NASDAQ ORGN traded up $0.13 during midday trading on Tuesday, reaching $1.28. 4,640,506 shares of the stock were exchanged, compared to its average volume of 1,682,546. The company has a market capitalization of $187.20 million, a P/E ratio of -2.25 and a beta of 0.95. Origin Materials, Inc. has a 52-week low of $0.44 and a 52-week high of $1.90. The stock has a 50 day moving average price of $1.20 and a 200-day moving average price of $1.21.

Institutional Investors Weigh In On Origin Materials

Several hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in Origin Materials in the third quarter valued at $159,000. Geode Capital Management LLC grew its holdings in Origin Materials by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,486,519 shares of the financial services provider’s stock valued at $2,290,000 after buying an additional 87,751 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Origin Materials by 20.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 154,331 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 26,600 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Origin Materials by 461.7% during the 3rd quarter. XTX Topco Ltd now owns 109,610 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 90,096 shares during the period. Finally, State Street Corp boosted its position in shares of Origin Materials by 2.1% in the third quarter. State Street Corp now owns 480,194 shares of the financial services provider’s stock worth $739,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 29.91% of the company’s stock.

Origin Materials Company Profile

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.