Insider Selling: Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Sells 47,625 Shares of Stock

Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Joshua C. Lee sold 47,625 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $1.08, for a total value of $51,435.00. Following the sale, the general counsel now directly owns 429,785 shares of the company’s stock, valued at $464,167.80. This represents a 9.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Origin Materials Price Performance

Shares of NASDAQ ORGN traded down $0.04 during mid-day trading on Tuesday, reaching $1.08. 1,188,129 shares of the company’s stock were exchanged, compared to its average volume of 1,666,373. The firm has a 50-day moving average price of $1.29 and a two-hundred day moving average price of $1.21. Origin Materials, Inc. has a 52 week low of $0.44 and a 52 week high of $1.90. The firm has a market capitalization of $157.95 million, a price-to-earnings ratio of -1.96 and a beta of 0.95.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of Origin Materials during the third quarter worth about $159,000. Geode Capital Management LLC lifted its position in 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 worth $2,290,000 after buying an additional 87,751 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Origin Materials by 20.8% during 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 purchasing an additional 26,600 shares during the last quarter. XTX Topco Ltd grew its stake in shares of Origin Materials by 461.7% during the third 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 grew its position in Origin Materials by 2.1% during the 3rd quarter. State Street Corp now owns 480,194 shares of the financial services provider’s stock worth $739,000 after acquiring an additional 10,000 shares during the last quarter. 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.