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

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 42,350 shares of the company'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 SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Wednesday, March 26th, Yaacov Nagar sold 45,998 shares of 374Water stock. The stock was sold at an average price of $0.42, for a total value of $19,319.16.

374Water Price Performance

Shares of SCWO traded up $0.03 on Monday, hitting $0.39. The company's stock had a trading volume of 336,761 shares, compared to its average volume of 477,147. The company has a 50 day moving average price of $0.33 and a 200 day moving average price of $0.46. 374Water Inc. has a fifty-two week low of $0.25 and a fifty-two week high of $1.99. The company has a market capitalization of $56.22 million, a PE ratio of -4.86 and a beta of -0.13.

374Water (NASDAQ:SCWO - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $0.54 million during the quarter, compared to analysts' expectations of $0.10 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of 374Water in a report on Wednesday, June 11th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SCWO. Avalon Trust Co lifted its stake in shares of 374Water by 1,333.3% in the 4th quarter. Avalon Trust Co now owns 43,000 shares of the company's stock valued at $29,000 after purchasing an additional 40,000 shares during the period. Nuveen LLC acquired a new position in shares of 374Water in the 1st quarter valued at $37,000. Patron Partners LLC lifted its stake in shares of 374Water by 62.5% in the 1st quarter. Patron Partners LLC now owns 130,000 shares of the company's stock valued at $44,000 after purchasing an additional 50,000 shares during the period. Wealthedge Investment Advisors LLC acquired a new position in shares of 374Water in the 4th quarter valued at $55,000. Finally, Sigma Planning Corp lifted its stake in shares of 374Water by 47.1% in 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 during the period. Institutional investors and hedge funds own 12.16% of the company's stock.

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.

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