Origin Materials, Inc. (NASDAQ:ORGN – Get Rating) CEO John Bissell sold 150,000 shares of the firm's stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $4.58, for a total value of $687,000.00. Following the completion of the transaction, the chief executive officer now owns 1,215,828 shares of the company's stock, valued at approximately $5,568,492.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
John Bissell also recently made the following trade(s):
Get Origin Materials alerts:- On Friday, November 11th, John Bissell sold 7,700 shares of Origin Materials stock. The shares were sold at an average price of $5.66, for a total transaction of $43,582.00.
Origin Materials Stock Performance
Origin Materials stock opened at $4.61 on Friday. Origin Materials, Inc. has a fifty-two week low of $4.18 and a fifty-two week high of $7.71. The company has a debt-to-equity ratio of 0.02, a quick ratio of 23.03 and a current ratio of 23.02. The stock has a market cap of $657.87 million, a P/E ratio of 9.60 and a beta of 0.98. The firm's fifty day moving average price is $5.35 and its 200-day moving average price is $5.59.
Origin Materials (NASDAQ:ORGN – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The financial services provider reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.05. On average, equities research analysts expect that Origin Materials, Inc. will post -0.2 earnings per share for the current fiscal year.Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Origin Materials by 46.3% in the 1st quarter. Vanguard Group Inc. now owns 6,031,855 shares of the financial services provider's stock valued at $39,690,000 after purchasing an additional 1,909,567 shares in the last quarter. State Street Corp grew its stake in shares of Origin Materials by 221.6% during the second quarter. State Street Corp now owns 1,640,432 shares of the financial services provider's stock valued at $8,399,000 after buying an additional 1,130,406 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Origin Materials by 301.6% in the second quarter. Northern Trust Corp now owns 964,013 shares of the financial services provider's stock worth $4,936,000 after buying an additional 723,973 shares during the period. Candriam S.C.A. bought a new stake in shares of Origin Materials in the 2nd quarter valued at about $2,823,000. Finally, Knightsbridge Asset Management LLC boosted its holdings in Origin Materials by 45.7% during the 2nd quarter. Knightsbridge Asset Management LLC now owns 1,475,332 shares of the financial services provider's stock valued at $7,554,000 after acquiring an additional 462,663 shares during the period. 28.63% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Credit Suisse Group started coverage on Origin Materials in a research note on Friday, October 14th. They set an "outperform" rating and a $7.00 price objective for the company.
Origin Materials Company Profile
(Get Rating)
Micromidas, Inc, doing business as Origin Materials, produces and commercializes plant-based PET plastic. It develops a platform for turning the carbon found in biomass into useful materials, while capturing carbon in the process. The company serves tire filler, carbon black, agriculture, and activated carbon markets.
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