374Water (NASDAQ:SCWO) Major Shareholder Yaacov Nagar Sells 32,791 Shares

Key Points

• Yaacov Nagar, a major shareholder of 374Water, sold 32,791 shares at an average price of $0.42, decreasing their ownership by 0.10% and retaining approximately 32.6 million shares valued at over $13.7 million.
• Following the recent sales, the company's stock has seen a 2.3% decline to around $0.37, with a market capitalization of $55.70 million and a one-year trading range between $0.16 and $1.94.
• Numerous analysts have given 374Water a consensus "sell" rating, with recent reports from Wall Street Zen and Weiss Ratings reinforcing this outlook.

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 32,791 shares of the company's stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $0.42, for a total transaction of $13,772.22. Following the sale, the insider directly owned 32,646,843 shares in the company, valued at $13,711,674.06. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large 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 Tuesday, October 21st, Yaacov Nagar sold 284,394 shares of 374Water stock. The stock was sold at an average price of $0.42, for a total transaction of $119,445.48.
• On Monday, October 20th, Yaacov Nagar sold 13,330 shares of 374Water stock. The shares were sold at an average price of $0.42, for a total transaction of $5,598.60.
• On Friday, October 17th, Yaacov Nagar sold 131,680 shares of 374Water stock. The shares were sold at an average price of $0.42, for a total transaction of $55,305.60.
• On Thursday, October 16th, Yaacov Nagar sold 85,419 shares of 374Water stock. The shares were sold at an average price of $0.51, for a total transaction of $43,563.69.
• On Wednesday, October 15th, Yaacov Nagar sold 363,868 shares of 374Water stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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.

374Water Trading Down 2.3%

Shares of SCWO traded down $0.01 during mid-day trading on Wednesday, hitting $0.37. 6,279,939 shares of the company traded hands, compared to its average volume of 15,187,698. 374Water Inc. has a one year low of $0.16 and a one year high of $1.94. The business has a 50-day moving average of $0.36 and a 200 day moving average of $0.32. The stock has a market capitalization of $55.70 million, a price-to-earnings ratio of -3.35 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) EPS for the quarter, missing the consensus estimate 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 company had revenue of $0.60 million for the quarter, compared to the consensus estimate of $5.20 million.

Wall Street Analyst Weigh In

SCWO has been the topic of several analyst reports. Wall Street Zen upgraded shares of 374Water to a "sell" rating in a report on Saturday. Weiss Ratings restated a "sell (e+)" rating on shares of 374Water in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".

Hedge Funds Weigh In On 374Water

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. boosted its position in shares of 374Water by 37.5% during the third quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company's stock worth $291,000 after purchasing an additional 276,349 shares in the last quarter. Sentinel Trust Co. LBA boosted its position in shares of 374Water by 30.8% during 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. Wealthedge Investment Advisors LLC boosted its position in shares of 374Water by 376.2% during the first quarter. Wealthedge Investment Advisors LLC now owns 385,610 shares of the company's stock worth $131,000 after purchasing an additional 304,635 shares in the last quarter. CW Advisors LLC bought a new position in shares of 374Water during the second quarter worth $117,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of 374Water during the second quarter worth $93,000. 12.16% of the stock is 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.

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