Insider Selling: Origin Materials, Inc. (NASDAQ:ORGN) CEO Sells 55,000 Shares of Stock

Origin Materials, Inc. (NASDAQ:ORGN) CEO John Bissell sold 55,000 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $1.00, for a total value of $55,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,976,230 shares of the company’s stock, valued at $1,976,230. The trade was a 2.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Bissell also recently made the following trade(s):

• On Friday, December 13th, John Bissell sold 36,000 shares of Origin Materials stock. The stock was sold at an average price of $1.14, for a total transaction of $41,040.00.

Origin Materials Price Performance

Shares of NASDAQ ORGN opened at $1.28 on Thursday. Origin Materials, Inc. has a 1 year low of $0.44 and a 1 year high of $1.90. The stock has a market capitalization of $187.20 million, a P/E ratio of -2.25 and a beta of 0.95. The company’s 50-day moving average is $1.20 and its 200 day moving average is $1.21.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. US Bancorp DE boosted its position 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 valued at $43,000 after purchasing an additional 23,200 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Origin Materials during the second quarter valued at $31,000. Point72 DIFC Ltd bought a new stake in shares of Origin Materials during the 2nd quarter valued at $50,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Origin Materials in the 3rd quarter worth about $92,000. Finally, PBMares Wealth Management LLC increased its stake in shares of Origin Materials by 14.0% in the 3rd quarter. PBMares Wealth Management LLC now owns 65,000 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 8,000 shares in the last quarter. 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.