374Water Inc. (NASDAQ:SCWO) Major Shareholder Sells $16,940.00 in Stock

374Water Inc. (NASDAQ:SCWO) major shareholder Yaacov Nagar sold 42,350 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $0.40, for a total value of $16,940.00. Following the completion of the sale, the insider now owns 36,238,887 shares in the company, valued at approximately $14,495,554.80. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Yaacov Nagar also recently made the following trade(s):

• On Wednesday, June 18th, Yaacov Nagar sold 57,650 shares of 374Water stock. The shares were sold at an average price of $0.40, for a total value of $23,060.00.
• On Monday, June 16th, Yaacov Nagar sold 6,052 shares of 374Water stock. The shares were sold at an average price of $0.40, for a total value of $2,420.80.
• On Wednesday, March 26th, Yaacov Nagar sold 45,998 shares of 374Water stock. The shares were sold at an average price of $0.42, for a total value of $19,319.16.

374Water Stock Performance

Shares of NASDAQ SCWO opened at $0.40 on Thursday. The stock has a fifty day moving average price of $0.33 and a two-hundred day moving average price of $0.46. The firm has a market cap of $57.73 million, a P/E ratio of -3.99 and a beta of -0.13. 374Water Inc. has a 1 year low of $0.25 and a 1 year high of $1.99.

374Water (NASDAQ:SCWO) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $0.54 million for the quarter, compared to the consensus estimate of $0.10 million. 374Water had a negative net margin of 2,093.18% and a negative return on equity of 119.57%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of 374Water in a research report on Wednesday, June 11th.

Hedge Funds Weigh In On 374Water

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealthedge Investment Advisors LLC boosted its stake in 374Water by 376.2% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 385,610 shares of the company’s stock valued at $131,000 after purchasing an additional 304,635 shares in the last quarter. Nuveen LLC bought a new position in 374Water during the 1st quarter valued at $37,000. Sigma Planning Corp boosted its stake in 374Water by 47.1% during the 1st quarter. Sigma Planning Corp now owns 270,693 shares of the company’s stock valued at $92,000 after purchasing an additional 86,733 shares in the last quarter. Sentinel Trust Co. LBA boosted its stake in 374Water by 30.8% during the 1st quarter. Sentinel Trust Co. LBA now owns 401,300 shares of the company’s stock valued at $136,000 after purchasing an additional 94,500 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in 374Water by 21.6% during the 1st quarter. D.A. Davidson & CO. now owns 570,465 shares of the company’s stock valued at $194,000 after purchasing an additional 101,285 shares in the last quarter. 12.16% of the stock is owned by institutional investors.

374Water Company Profile

374Water Inc provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. It offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation that are used to treat various hazardous and non-hazardous waste streams.