374Water (NASDAQ:SCWO) Major Shareholder Sells $364,000.00 in Stock

Key Points

• Yaacov Nagar, a major shareholder of 374Water, sold 700,000 shares at $0.52 each for a total of $364,000 on October 14, reducing his stake by 2.04% to approximately 33.5 million shares.
• Shares of 374Water traded down 2.8% to $0.46, with significant volatility indicated by a 52-week low of $0.16 and a high of $1.95.
• The company reported a loss of ($0.03) earnings per share, missing estimates, and had negative margins and returns on equity, further prompting analysts to maintain a sell rating on the stock.

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 700,000 shares of the company's stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $0.52, for a total transaction of $364,000.00. Following the transaction, the insider owned 33,558,325 shares in the company, valued at approximately $17,450,329. The trade was a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more 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, October 15th, Yaacov Nagar sold 363,868 shares of 374Water stock. The stock was sold at an average price of $0.52, for a total transaction of $189,211.36.
• On Wednesday, October 8th, Yaacov Nagar sold 1,499,000 shares of 374Water stock. The stock was sold at an average price of $0.46, for a total transaction of $689,540.00.
• On Tuesday, October 7th, Yaacov Nagar sold 1,000 shares of 374Water stock. The stock was sold at an average price of $0.39, for a total transaction of $390.00.
• On Friday, August 29th, Yaacov Nagar sold 22,711 shares of 374Water stock. The stock was sold at an average price of $0.39, for a total transaction of $8,857.29.
• On Monday, September 8th, Yaacov Nagar sold 54,850 shares of 374Water stock. The shares were sold at an average price of $0.40, for a total transaction of $21,940.00.
• On Friday, September 5th, Yaacov Nagar sold 122,439 shares of 374Water stock. The shares were sold at an average price of $0.39, for a total transaction of $47,751.21.

374Water Trading Down 2.8%

Shares of SCWO traded down $0.01 during trading hours on Thursday, reaching $0.46. 4,438,454 shares of the stock traded hands, compared to its average volume of 14,358,325. The stock has a fifty day simple moving average of $0.35 and a 200 day simple moving average of $0.32. 374Water Inc. has a 52 week low of $0.16 and a 52 week high of $1.95. The company has a market cap of $70.03 million, a price-to-earnings ratio of -4.22 and a beta of -0.40.

374Water (NASDAQ:SCWO - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. 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 net margin of 1,278.90% and a negative return on equity of 138.71%. The firm had revenue of $0.60 million for the quarter, compared to the consensus estimate of $5.20 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of 374Water in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of "Sell".

Institutional Trading of 374Water

Several hedge funds have recently added to or reduced their stakes in the stock. Patron Partners LLC increased its stake in shares of 374Water by 62.5% in the first quarter. Patron Partners LLC now owns 130,000 shares of the company's stock worth $44,000 after purchasing an additional 50,000 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of 374Water in the second quarter worth about $28,000. Sigma Planning Corp increased its stake in shares of 374Water by 47.1% in the first quarter. Sigma Planning Corp now owns 270,693 shares of the company's stock worth $92,000 after purchasing an additional 86,733 shares in the last quarter. Sentinel Trust Co. LBA increased its stake in shares of 374Water by 30.8% in the first quarter. Sentinel Trust Co. LBA now owns 401,300 shares of the company's stock worth $136,000 after purchasing an additional 94,500 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of 374Water by 21.6% in the first quarter. D.A. Davidson & CO. now owns 570,465 shares of the company's stock worth $194,000 after purchasing an additional 101,285 shares in the last quarter. Institutional investors own 12.16% of the company's stock.

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.

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