Insider Selling: 374Water Inc. (NASDAQ:SCWO) Major Shareholder Sells 42,350 Shares of Stock

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 42,350 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $0.40, for a total value of $16,940.00. Following the transaction, the insider now owns 36,238,887 shares in the company, valued at approximately $14,495,554.80. The trade was a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was sold at an average price of $0.42, for a total transaction of $19,319.16.

374Water Trading Up 7.8%

NASDAQ SCWO traded up $0.03 on Thursday, hitting $0.40. The company's stock had a trading volume of 417,066 shares, compared to its average volume of 478,911. 374Water Inc. has a 52-week low of $0.25 and a 52-week high of $1.99. The company's 50-day simple moving average is $0.33 and its 200 day simple moving average is $0.46.

374Water (NASDAQ:SCWO - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The business 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%.

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 institutional investors have recently added to or reduced their stakes in SCWO. Avalon Trust Co increased its position in shares of 374Water by 1,333.3% during the fourth quarter. Avalon Trust Co now owns 43,000 shares of the company's stock valued at $29,000 after buying an additional 40,000 shares during the period. Nuveen LLC bought a new stake in 374Water during the 1st quarter valued at approximately $37,000. Patron Partners LLC grew its holdings in shares of 374Water by 62.5% during the 1st quarter. Patron Partners LLC now owns 130,000 shares of the company's stock worth $44,000 after acquiring an additional 50,000 shares during the period. Wealthedge Investment Advisors LLC bought a new position in shares of 374Water in the 4th quarter worth approximately $55,000. Finally, Sigma Planning Corp raised its position in shares of 374Water by 47.1% in the 1st quarter. Sigma Planning Corp now owns 270,693 shares of the company's stock worth $92,000 after acquiring an additional 86,733 shares in the last quarter. 12.16% of the stock is currently owned by institutional investors.

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.