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 Origin Materials stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $1.32, for a total transaction of $158,400.00. Following the sale, the chief financial officer now directly owns 1,223,088 shares in the company, valued at $1,614,476.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Origin Materials Stock Performance

Shares of ORGN opened at $1.28 on Friday. The firm’s 50-day moving average price is $1.47 and its 200-day moving average price is $1.17. The company has a quick ratio of 13.48, a current ratio of 13.57 and a debt-to-equity ratio of 0.01. Origin Materials, Inc. has a 1-year low of $0.44 and a 1-year high of $1.90.

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

Institutional Investors Weigh In On Origin Materials

Several hedge funds have recently bought and sold shares of ORGN. Vanguard Personalized Indexing Management LLC bought a new stake in Origin Materials during the second quarter worth about $31,000. US Bancorp DE boosted its stake in 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 acquiring an additional 23,200 shares in the last quarter. Moss Adams Wealth Advisors LLC bought a new stake in Origin Materials during the second quarter worth about $45,000. Point72 DIFC Ltd bought a new stake in Origin Materials during the second quarter worth about $50,000. Finally, AQR Capital Management LLC boosted its stake in Origin Materials by 352.9% during the second 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 in the last quarter. Institutional investors own 29.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.