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 company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $1.14, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Origin Materials Price Performance

Shares of NASDAQ:ORGN opened at $0.96 on Thursday. The stock has a market capitalization of $140.40 million, a PE ratio of -1.68 and a beta of 0.95. Origin Materials, Inc. has a one year low of $0.44 and a one year high of $1.90. The company’s 50-day moving average price is $1.28 and its two-hundred day moving average price is $1.21.

Institutional Investors Weigh In On Origin Materials

A number of institutional investors and hedge funds have recently modified their holdings of ORGN. Vanguard Group Inc. boosted its holdings in shares of Origin Materials by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,899,099 shares of the financial services provider’s stock worth $3,009,000 after acquiring an additional 48,889 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Origin Materials by 337.1% in 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 acquiring an additional 1,813,047 shares during the last quarter. AQR Capital Management LLC boosted its position in 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 valued at $89,000 after buying an additional 77,119 shares in the last quarter. US Bancorp DE raised its position 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 purchasing an additional 23,200 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Origin Materials in the 2nd quarter valued at approximately $50,000. 29.91% of the stock is owned by 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.