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

Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report) CFO Matthew T. Plavan sold 24,500 shares of the 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 sale, the chief financial officer now directly owns 1,439,588 shares of the company's stock, valued at approximately $1,468,379.76. This trade represents a 1.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Origin Materials Stock Up 11.3 %

NASDAQ:ORGN traded up $0.13 on Tuesday, reaching $1.28. The company's stock had a trading volume of 4,659,342 shares, compared to its average volume of 1,682,975. Origin Materials, Inc. has a 12-month low of $0.44 and a 12-month 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. The firm has a market cap of $187.20 million, a price-to-earnings ratio of -2.25 and a beta of 0.95.

Institutional Trading of Origin Materials

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. boosted its stake in Origin Materials by 337.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,350,863 shares of the financial services provider's stock worth $3,620,000 after buying an additional 1,813,047 shares during the period. Charles Schwab Investment Management Inc. acquired a new position in shares of Origin Materials in the 3rd quarter worth approximately $92,000. AQR Capital Management LLC boosted its position 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 worth $89,000 after purchasing an additional 77,119 shares during the period. US Bancorp DE increased its holdings in Origin Materials by 464.0% in the 3rd quarter. US Bancorp DE now owns 28,200 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 23,200 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in Origin Materials in the second quarter valued at approximately $50,000. 29.91% of the stock is currently owned by hedge funds and other institutional investors.

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.