Origin Materials, Inc. (NASDAQ:ORGN) CEO Richard J. Riley Buys 300,000 Shares

Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report) CEO Richard J. Riley purchased 300,000 shares of Origin Materials stock in a transaction dated Wednesday, November 20th. The shares were bought at an average price of $1.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 749,083 shares of the company's stock, valued at approximately $749,083. This represents a 66.80 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Origin Materials Stock Down 1.0 %

ORGN stock opened at $1.03 on Thursday. The business's 50-day moving average price is $1.42 and its 200-day moving average price is $1.19. The stock has a market cap of $150.12 million, a P/E ratio of -1.81 and a beta of 1.00. Origin Materials, Inc. has a twelve month low of $0.44 and a twelve month high of $1.90.

Wall Street Analyst Weigh In

Separately, Bank of America raised Origin Materials from a "neutral" rating to a "buy" rating and raised their target price for the stock from $1.35 to $3.00 in a research report on Friday, August 16th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ORGN. Vanguard Personalized Indexing Management LLC bought a new position in Origin Materials in the 2nd quarter worth about $31,000. US Bancorp DE raised its holdings in shares of 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 last quarter. Moss Adams Wealth Advisors LLC purchased a new position in shares of Origin Materials in the second quarter worth $45,000. Point72 DIFC Ltd purchased a new position in shares of Origin Materials in the second quarter worth $50,000. Finally, AQR Capital Management LLC raised its holdings in shares of Origin Materials by 352.9% in the second quarter. AQR Capital Management LLC now owns 98,969 shares of the financial services provider's stock worth $89,000 after buying 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.

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