Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Sells $51,435.00 in Stock

Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Joshua C. Lee sold 47,625 shares of Origin Materials stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $1.08, for a total value of $51,435.00. Following the completion of the sale, the general counsel now directly owns 429,785 shares in the company, valued at $464,167.80. This represents a 9.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Origin Materials Price Performance

ORGN stock opened at $0.97 on Friday. The stock has a market capitalization of $141.86 million, a P/E ratio of -1.70 and a beta of 0.95. Origin Materials, Inc. has a fifty-two week low of $0.44 and a fifty-two week high of $1.90. The business has a 50-day moving average of $1.27 and a 200-day moving average of $1.21.

Hedge Funds Weigh In On Origin Materials

Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in Origin Materials in the third quarter valued at approximately $159,000. Geode Capital Management LLC boosted its holdings in shares of Origin Materials by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,486,519 shares of the financial services provider’s stock valued at $2,290,000 after buying an additional 87,751 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Origin Materials by 20.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 154,331 shares of the financial services provider’s stock valued at $238,000 after buying an additional 26,600 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of 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 buying an additional 90,096 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Origin Materials by 2.1% in the 3rd quarter. State Street Corp now owns 480,194 shares of the financial services provider’s stock valued at $739,000 after buying an additional 10,000 shares during the last quarter. 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.