Origin Materials, Inc. (NASDAQ:ORGN) CEO John Bissell Sells 55,000 Shares

Origin Materials, Inc. (NASDAQ:ORGN) CEO John Bissell sold 55,000 shares of Origin Materials stock in a transaction dated 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 owns 1,976,230 shares of the company’s stock, valued at approximately $1,976,230. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $1.14, for a total transaction of $41,040.00.

Origin Materials Price Performance

Shares of Origin Materials stock traded up $0.13 on Tuesday, hitting $1.28. 4,640,506 shares of the company’s stock traded hands, compared to its average volume of 1,682,546. The firm’s 50-day moving average price is $1.20 and its two-hundred day moving average price is $1.21. The stock has a market capitalization of $187.20 million, a PE ratio of -2.25 and a beta of 0.95. Origin Materials, Inc. has a one year low of $0.44 and a one year high of $1.90.

Institutional Investors Weigh In On Origin Materials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in Origin Materials during the third quarter worth about $159,000. Geode Capital Management LLC boosted its stake in Origin Materials by 6.3% during 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 acquiring an additional 87,751 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Origin Materials by 20.8% during the third 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 period. XTX Topco Ltd increased its stake in Origin Materials by 461.7% in the third quarter. XTX Topco Ltd now owns 109,610 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 90,096 shares in the last quarter. Finally, State Street Corp increased its stake in Origin Materials by 2.1% in the third quarter. State Street Corp now owns 480,194 shares of the financial services provider’s stock valued at $739,000 after purchasing an additional 10,000 shares in 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.