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

Origin Materials, Inc. (NASDAQ:ORGN) CFO Matthew T. Plavan sold 24,500 shares of Origin Materials stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Origin Materials Stock Performance

Shares of Origin Materials stock opened at $1.28 on Thursday. The company has a market capitalization of $187.20 million, a P/E ratio of -2.25 and a beta of 0.95. Origin Materials, Inc. has a 1 year low of $0.44 and a 1 year high of $1.90. The company’s fifty day moving average is $1.20 and its two-hundred day moving average is $1.21.

Hedge Funds Weigh In On Origin Materials

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC purchased a new stake in Origin Materials during the 2nd quarter valued at approximately $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 purchasing an additional 23,200 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Origin Materials during the second quarter worth $50,000. AQR Capital Management LLC grew its position in Origin Materials by 352.9% in the 2nd 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. acquired a new position in Origin Materials in the 3rd quarter valued at $92,000. Hedge funds and other 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.