Insider Selling: 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 Origin Materials stock in a transaction that occurred on 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 owns 1,439,588 shares of the company’s stock, valued at $1,468,379.76. This trade represents a 1.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Origin Materials Price Performance

ORGN stock opened at $1.21 on Friday. The business has a fifty day moving average price of $1.19 and a 200 day moving average price of $1.21. 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 $176.96 million, a price-to-earnings ratio of -2.12 and a beta of 0.95.

Institutional Trading of Origin Materials

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