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 on Friday, December 13th. The shares were sold at an average price of $1.14, for a total value of $41,040.00. Following the completion of the transaction, the chief executive officer now owns 1,581,230 shares of the company’s stock, valued at $1,802,602.20. This trade represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Origin Materials Stock Down 3.6 %

Shares of NASDAQ:ORGN traded down $0.04 during midday trading on Tuesday, reaching $1.08. The company’s stock had a trading volume of 1,188,129 shares, 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 business has a 50 day moving average price of $1.29 and a 200 day moving average price of $1.21. Origin Materials, Inc. has a 1 year low of $0.44 and a 1 year high of $1.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ORGN. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Origin Materials during the 2nd quarter valued at $31,000. US Bancorp DE boosted its holdings 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 valued at $43,000 after acquiring an additional 23,200 shares during the last quarter. Moss Adams Wealth Advisors LLC purchased a new stake in Origin Materials during the second quarter valued at about $45,000. Point72 DIFC Ltd purchased a new stake in Origin Materials during the second quarter valued at about $50,000. Finally, AQR Capital Management LLC increased its stake in 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. 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.