Origin Materials (NASDAQ:ORGN) CFO Matthew Plavan Sells 150,000 Shares

Origin Materials, Inc. (NASDAQ:ORGN) CFO Matthew Plavan sold 150,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $0.55, for a total transaction of $82,500.00. Following the completion of the sale, the chief financial officer directly owned 1,360,231 shares of the company’s stock, valued at $748,127.05. The trade was a 9.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Origin Materials Price Performance

ORGN traded down $0.03 during trading on Tuesday, reaching $0.52. The stock had a trading volume of 1,234,557 shares, compared to its average volume of 1,531,018. The firm has a market capitalization of $78.31 million, a price-to-earnings ratio of -0.84 and a beta of 0.88. The company has a quick ratio of 6.33, a current ratio of 6.37 and a debt-to-equity ratio of 0.01. Origin Materials, Inc. has a 1-year low of $0.40 and a 1-year high of $1.36. The stock has a 50 day moving average of $0.57 and a two-hundred day moving average of $0.59.

Origin Materials (NASDAQ:ORGN) last released its earnings results on Thursday, August 14th. The financial services provider reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). Origin Materials had a negative net margin of 312.11% and a negative return on equity of 27.05%. The business had revenue of $5.80 million during the quarter, compared to analyst estimates of $29.10 million. Origin Materials has set its FY 2026 guidance at EPS. FY 2027 guidance at EPS. As a group, equities analysts anticipate that Origin Materials, Inc. will post -0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Origin Materials

Several hedge funds have recently bought and sold shares of ORGN. Ameriprise Financial Inc. lifted its stake in Origin Materials by 112.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 75,387 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 39,856 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Origin Materials by 21.7% in the second quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 19,950 shares in the last quarter. Virtu Financial LLC lifted its position in shares of Origin Materials by 66.9% in the first quarter. Virtu Financial LLC now owns 90,016 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 36,097 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Origin Materials in the first quarter worth approximately $101,000. Finally, Rehmann Capital Advisory Group purchased a new stake in Origin Materials in the 1st quarter worth approximately $406,000. 29.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Origin Materials in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell” and an average price target of $1.50.

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.