374Water (NASDAQ:SCWO) Major Shareholder Sells $43,563.69 in Stock

Key Points

• Major shareholder Yaacov Nagar sold 85,419 shares of 374Water for $43,563.69, reducing his ownership stake by 0.26% to approximately 33.1 million shares.
• The share price of 374Water has seen fluctuations, currently trading at $0.39, significantly lower than its 12-month high of $1.95.
• 374Water's recent quarterly earnings report revealed a loss of $0.03 per share, missing analysts' estimates, and generating only $0.60 million in revenue against a consensus of $5.20 million.

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 85,419 shares of 374Water stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $0.51, for a total transaction of $43,563.69. Following the transaction, the insider directly owned 33,109,038 shares in the company, valued at approximately $16,885,609.38. This represents a 0.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, October 17th, Yaacov Nagar sold 131,680 shares of 374Water stock. The stock was sold at an average price of $0.42, for a total transaction of $55,305.60.
• 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 Tuesday, October 14th, Yaacov Nagar sold 700,000 shares of 374Water stock. The stock was sold at an average price of $0.52, for a total transaction of $364,000.00.
• 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 stock was 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 stock was sold at an average price of $0.39, for a total transaction of $47,751.21.

374Water Stock Performance

Shares of 374Water stock traded down $0.02 during mid-day trading on Monday, hitting $0.39. 4,636,880 shares of the stock were exchanged, compared to its average volume of 14,685,835. 374Water Inc. has a 12 month low of $0.16 and a 12 month high of $1.95. The company has a 50-day simple moving average of $0.36 and a 200 day simple moving average of $0.32. The company has a market capitalization of $59.37 million, a P/E ratio of -3.57 and a beta of -0.40.

374Water (NASDAQ:SCWO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The company had revenue of $0.60 million during the quarter, compared to the consensus estimate of $5.20 million. 374Water had a negative return on equity of 138.71% and a negative net margin of 1,278.90%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of 374Water in a report on Wednesday, October 8th. Wall Street Zen raised shares of 374Water to a "sell" rating in a report on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, 374Water currently has a consensus rating of "Sell".

Institutional Investors Weigh In On 374Water

A number of hedge funds and other institutional investors have recently bought and sold shares of SCWO. CW Advisors LLC bought a new stake in 374Water during the 2nd quarter valued at $117,000. Wealthedge Investment Advisors LLC grew its position in shares of 374Water by 376.2% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 385,610 shares of the company's stock valued at $131,000 after purchasing an additional 304,635 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of 374Water during the 2nd quarter valued at $93,000. Marshall Wace LLP purchased a new position in shares of 374Water during the 2nd quarter valued at $57,000. Finally, D.A. Davidson & CO. grew its position in shares of 374Water by 29.1% during the 2nd quarter. D.A. Davidson & CO. now owns 736,545 shares of the company's stock valued at $239,000 after purchasing an additional 166,080 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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