Insider Buying: 374Water Inc. (NASDAQ:SCWO) Director Purchases 40,000 Shares of Stock

374Water Inc. (NASDAQ:SCWO - Get Free Report) Director Stephen J. Jones acquired 40,000 shares of the stock in a transaction on Tuesday, June 3rd. The shares were bought at an average cost of $0.47 per share, for a total transaction of $18,800.00. Following the purchase, the director now directly owns 179,593 shares of the company's stock, valued at $84,408.71. The trade was a 28.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

374Water Stock Performance

Shares of 374Water stock traded up $0.00 during trading hours on Friday, hitting $0.40. The company's stock had a trading volume of 395,667 shares, compared to its average volume of 472,601. 374Water Inc. has a twelve month low of $0.25 and a twelve month high of $1.99. The firm has a fifty day moving average of $0.32 and a 200-day moving average of $0.49. The stock has a market cap of $57.89 million, a price-to-earnings ratio of -5.00 and a beta of -0.13.

374Water (NASDAQ:SCWO - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $0.54 million during the quarter, compared to analyst estimates of $0.10 million.

Hedge Funds Weigh In On 374Water

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in 374Water by 109.2% during the 4th quarter. SG Americas Securities LLC now owns 46,782 shares of the company's stock worth $32,000 after acquiring an additional 24,418 shares in the last quarter. Captrust Financial Advisors lifted its stake in 374Water by 4.4% during the 4th quarter. Captrust Financial Advisors now owns 670,888 shares of the company's stock worth $458,000 after acquiring an additional 28,461 shares in the last quarter. Northern Trust Corp lifted its stake in 374Water by 6.7% during the 4th quarter. Northern Trust Corp now owns 516,867 shares of the company's stock worth $353,000 after acquiring an additional 32,285 shares in the last quarter. D.A. Davidson & CO. lifted its stake in 374Water by 8.5% during the 4th quarter. D.A. Davidson & CO. now owns 469,180 shares of the company's stock worth $320,000 after acquiring an additional 36,645 shares in the last quarter. Finally, Avalon Trust Co lifted its stake 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 in the last quarter. Institutional investors and hedge funds own 12.16% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of 374Water in a research note on Saturday, May 24th.

About 374Water

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.