Origin Materials, Inc. (NASDAQ:ORGN) CFO Matthew T. Plavan Sells 120,000 Shares

Origin Materials, Inc. (NASDAQ:ORGN) CFO Matthew T. Plavan sold 120,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $1.32, for a total value of $158,400.00. Following the completion of the sale, the chief financial officer now owns 1,223,088 shares of the company’s stock, valued at $1,614,476.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Origin Materials Price Performance

Shares of ORGN opened at $1.26 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.48 and a current ratio of 13.57. The company has a 50 day moving average price of $1.48 and a 200-day moving average price of $1.16. Origin Materials, Inc. has a fifty-two week low of $0.44 and a fifty-two week high of $1.90. The stock has a market capitalization of $183.65 million, a PE ratio of -14.00 and a beta of 1.00.

Origin Materials (NASDAQ:ORGN) last posted its earnings results on Wednesday, August 14th. The financial services provider reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The company had revenue of $7.03 million for the quarter. Origin Materials had a negative return on equity of 14.10% and a negative net margin of 37.93%. Equities analysts predict that Origin Materials, Inc. will post -0.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Bank of America raised shares of Origin Materials from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $1.35 to $3.00 in a research note on Friday, August 16th.

Institutional Investors Weigh In On Origin Materials

A number of institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its holdings in shares of Origin Materials by 92.5% in the 1st quarter. Acadian Asset Management LLC now owns 823,455 shares of the financial services provider’s stock valued at $418,000 after buying an additional 395,588 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Origin Materials by 12.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,853,083 shares of the financial services provider’s stock valued at $945,000 after acquiring an additional 203,099 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Origin Materials in the second quarter valued at approximately $155,000. Sanctuary Advisors LLC purchased a new position in Origin Materials in the second quarter worth $136,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Origin Materials by 352.9% during the 2nd quarter. AQR Capital Management LLC now owns 98,969 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 77,119 shares during the last quarter. Institutional investors 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.