Insider Selling: 374Water Inc. (NASDAQ:SCWO) Major Shareholder Sells 45,998 Shares of Stock

374Water Inc. (NASDAQ:SCWO) major shareholder Yaacov Nagar sold 45,998 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $0.42, for a total value of $19,319.16. Following the transaction, the insider now owns 36,342,462 shares in the company, valued at $15,263,834.04. This represents a 0.13 % 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 link. Large shareholders that own more than 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 Friday, February 7th, Yaacov Nagar sold 12,436 shares of 374Water stock. The stock was sold at an average price of $0.42, for a total value of $5,223.12.
• On Wednesday, February 5th, Yaacov Nagar sold 144,860 shares of 374Water stock. The shares were sold at an average price of $0.43, for a total value of $62,289.80.
• On Monday, February 3rd, Yaacov Nagar sold 212,120 shares of 374Water stock. The stock was sold at an average price of $0.49, for a total transaction of $103,938.80.
• On Friday, January 24th, Yaacov Nagar sold 900 shares of 374Water stock. The shares were sold at an average price of $0.59, for a total transaction of $531.00.
• On Wednesday, January 22nd, Yaacov Nagar sold 19,772 shares of 374Water stock. The shares were sold at an average price of $0.59, for a total transaction of $11,665.48.
• On Thursday, January 16th, Yaacov Nagar sold 300 shares of 374Water stock. The stock was sold at an average price of $0.63, for a total transaction of $189.00.
• On Tuesday, January 14th, Yaacov Nagar sold 61,268 shares of 374Water stock. The shares were sold at an average price of $0.63, for a total value of $38,598.84.
• On Friday, January 10th, Yaacov Nagar sold 69,570 shares of 374Water stock. The stock was sold at an average price of $0.68, for a total value of $47,307.60.

374Water Stock Down 6.3 %

Shares of 374Water stock opened at $0.34 on Friday. 374Water Inc. has a 12-month low of $0.30 and a 12-month high of $1.99. The stock has a market capitalization of $44.74 million, a P/E ratio of -4.20 and a beta of -0.01. The company has a 50-day simple moving average of $0.40 and a 200 day simple moving average of $0.91.

374Water (NASDAQ:SCWO) last posted its quarterly earnings data on Thursday, March 27th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $0.01 million for the quarter, compared to the consensus estimate of $0.10 million.

Hedge Funds Weigh In On 374Water

Several institutional investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in shares of 374Water during the third quarter worth $30,000. Avalon Trust Co grew its holdings in 374Water by 1,333.3% during the 4th quarter. Avalon Trust Co now owns 43,000 shares of the company’s stock worth $29,000 after acquiring an additional 40,000 shares during the last quarter. SG Americas Securities LLC increased its position in 374Water by 109.2% in the 4th quarter. SG Americas Securities LLC now owns 46,782 shares of the company’s stock valued at $32,000 after acquiring an additional 24,418 shares in the last quarter. Patron Partners LLC bought a new position in shares of 374Water in the fourth quarter worth about $55,000. Finally, Wealthedge Investment Advisors LLC acquired a new position in shares of 374Water during the fourth quarter worth approximately $55,000. Institutional investors own 12.16% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of 374Water in a research report on Saturday, March 22nd.

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.