Origin Materials, Inc. (NASDAQ:ORGN) CFO Sells $158,400.00 in Stock

Origin Materials, Inc. (NASDAQ:ORGN) CFO Matthew T. Plavan sold 120,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $1.32, for a total value of $158,400.00. Following the completion of the sale, the chief financial officer now directly owns 1,223,088 shares in the company, valued at approximately $1,614,476.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Origin Materials Price Performance

ORGN traded down $0.03 during trading on Wednesday, hitting $1.26. The company’s stock had a trading volume of 1,421,070 shares, compared to its average volume of 1,705,733. The firm’s 50 day moving average price is $1.48 and its two-hundred day moving average price is $1.16. The company has a quick ratio of 13.48, a current ratio of 13.57 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $183.65 million, a price-to-earnings ratio of -14.78 and a beta of 1.00. Origin Materials, Inc. has a 12 month low of $0.44 and a 12 month high of $1.90.

Origin Materials (NASDAQ:ORGN) last issued its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). Origin Materials had a negative return on equity of 14.10% and a negative net margin of 37.93%. The company had revenue of $7.03 million for the quarter. Sell-side analysts forecast that Origin Materials, Inc. will post -0.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Bank of America raised shares of Origin Materials from a “neutral” rating to a “buy” rating and lifted their price target for the company from $1.35 to $3.00 in a report on Friday, August 16th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Origin Materials during the second quarter worth $31,000. US Bancorp DE raised its stake in shares of Origin Materials by 464.0% during 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 acquired a new position in Origin Materials in the second quarter valued at approximately $45,000. Point72 DIFC Ltd bought a new position in Origin Materials in the second quarter valued at approximately $50,000. Finally, AQR Capital Management LLC grew its holdings in 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 acquiring an additional 77,119 shares during the period. 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.