Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Joshua C. Lee Sells 47,625 Shares

Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Joshua C. Lee sold 47,625 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $1.08, for a total transaction of $51,435.00. Following the sale, the general counsel now owns 429,785 shares of the company’s stock, valued at approximately $464,167.80. The trade was a 9.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Origin Materials Price Performance

Origin Materials stock opened at $0.96 on Thursday. The firm has a 50 day simple moving average of $1.28 and a 200-day simple moving average of $1.21. The stock has a market cap of $140.40 million, a price-to-earnings ratio of -1.68 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.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Origin Materials by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,899,099 shares of the financial services provider’s stock valued at $3,009,000 after purchasing an additional 48,889 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Origin Materials by 337.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,350,863 shares of the financial services provider’s stock worth $3,620,000 after purchasing an additional 1,813,047 shares during the last quarter. AQR Capital Management LLC raised its holdings 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 period. US Bancorp DE lifted its position in Origin Materials by 464.0% in the third quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock valued at $43,000 after buying an additional 23,200 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Origin Materials in the second quarter valued at about $50,000. 29.91% of the stock is currently owned by institutional investors and hedge funds.

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.