Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report) CFO Matthew T. Plavan sold 120,000 shares of Origin Materials stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $1.32, for a total transaction of $158,400.00. Following the completion of the sale, the chief financial officer now owns 1,223,088 shares of the company's stock, valued at $1,614,476.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Origin Materials Stock Performance
Shares of ORGN opened at $1.26 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.48 and a current ratio of 13.57. The stock has a 50-day moving average of $1.48 and a two-hundred day moving average of $1.16. The stock has a market cap of $183.65 million, a P/E ratio of -14.00 and a beta of 1.00. Origin Materials, Inc. has a one year low of $0.44 and a one year high of $1.90.
Origin Materials (NASDAQ:ORGN - Get Free Report) last released its earnings results on Wednesday, August 14th. The financial services provider reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.02). The firm had revenue of $7.03 million for the quarter. Origin Materials had a negative return on equity of 14.10% and a negative net margin of 37.93%. As a group, research analysts predict that Origin Materials, Inc. will post -0.45 EPS for the current year.
Institutional Trading of Origin Materials
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Several institutional investors and hedge funds have recently bought and sold shares of ORGN. Vanguard Group Inc. raised its holdings in shares of Origin Materials by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,899,099 shares of the financial services provider's stock worth $3,009,000 after purchasing an additional 48,889 shares during the last quarter. Janus Henderson Group PLC grew its position in Origin Materials by 28.1% during the 1st quarter. Janus Henderson Group PLC now owns 240,378 shares of the financial services provider's stock worth $123,000 after purchasing an additional 52,701 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Origin Materials by 12.3% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,853,083 shares of the financial services provider's stock valued at $945,000 after buying an additional 203,099 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Origin Materials by 92.5% during the 1st quarter. Acadian Asset Management LLC now owns 823,455 shares of the financial services provider's stock valued at $418,000 after buying an additional 395,588 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of 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. 29.91% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Bank of America raised shares of Origin Materials from a "neutral" rating to a "buy" rating and raised their price target for the stock from $1.35 to $3.00 in a report on Friday, August 16th.
Read Our Latest Report on Origin Materials
Origin Materials Company Profile
(
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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.
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