Origin Materials, Inc. (NASDAQ:ORGN) CFO Matthew T. Plavan Sells 24,500 Shares of Stock

Origin Materials, Inc. (NASDAQ:ORGN) CFO Matthew T. Plavan sold 24,500 shares of the company’s stock in a transaction dated 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 directly owns 1,439,588 shares in the company, valued at $1,468,379.76. The trade was a 1.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Origin Materials Stock Performance

Origin Materials stock opened at $1.28 on Wednesday. The company’s 50 day simple moving average is $1.20 and its 200-day simple moving average is $1.21. Origin Materials, Inc. has a 1 year low of $0.44 and a 1 year high of $1.90. The company has a market capitalization of $187.20 million, a price-to-earnings ratio of -2.25 and a beta of 0.95.

Institutional Trading of Origin Materials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. boosted its position in shares of 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. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Origin Materials in the 2nd quarter valued at $155,000. Sanctuary Advisors LLC acquired a new position in Origin Materials during the 2nd quarter worth about $136,000. Virtu Financial LLC purchased a new position in Origin Materials during the 3rd quarter valued at about $159,000. Finally, XTX Topco Ltd grew its position in Origin Materials by 461.7% in the 3rd quarter. XTX Topco Ltd now owns 109,610 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 90,096 shares in the last quarter. Hedge funds and other institutional investors own 29.91% of the company’s stock.

About Origin Materials

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.