Insider Selling: 374Water Inc. (NASDAQ:SCWO) Major Shareholder Sells 57,650 Shares of Stock

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 57,650 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $0.40, for a total transaction of $23,060.00. Following the completion of the transaction, the insider now directly owns 36,181,237 shares of the company's stock, valued at approximately $14,472,494.80. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• 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 transaction of $2,420.80.
• On Thursday, June 12th, Yaacov Nagar sold 42,350 shares of 374Water stock. The shares were sold at an average price of $0.40, for a total transaction of $16,940.00.
• 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 transaction of $19,319.16.

374Water Stock Down 10.6%

Shares of SCWO traded down $0.04 during mid-day trading on Friday, reaching $0.36. 446,293 shares of the company's stock were exchanged, compared to its average volume of 476,244. The company has a 50-day simple moving average of $0.34 and a two-hundred day simple moving average of $0.45. 374Water Inc. has a 52-week low of $0.25 and a 52-week high of $1.99. The company has a market cap of $51.62 million, a price-to-earnings ratio of -3.57 and a beta of -0.13.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Captrust Financial Advisors increased its stake in shares of 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 purchasing an additional 28,461 shares in the last quarter. Northern Trust Corp increased its stake in shares of 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 purchasing an additional 32,285 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of 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 purchasing an additional 36,645 shares in the last quarter. Avalon Trust Co increased its stake in shares of 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 purchasing an additional 40,000 shares in the last quarter. Finally, Sigma Planning Corp grew its stake in 374Water by 36.1% in the 4th quarter. Sigma Planning Corp now owns 183,960 shares of the company's stock worth $126,000 after acquiring an additional 48,767 shares during the period. 12.16% of the stock is owned by hedge funds and other 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.