374Water (NASDAQ:SCWO) Major Shareholder Yaacov Nagar Sells 363,868 Shares

Key Points

• Yaacov Nagar, a major shareholder of 374Water, sold 363,868 shares on October 15th, 2023, at an average price of $0.52, totaling approximately $189,211.
• Following the latest transactions, Nagar's total holdings in 374Water decreased to 33,194,457 shares, valued at about $17.26 million, reflecting a 1.08% decrease in his position.
• Amid these transactions, 374Water's stock saw a downturn of 2.8%, with current trading at $0.46, indicating fluctuations in its market performance.

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 363,868 shares of the business's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $0.52, for a total value of $189,211.36. Following the completion of the transaction, the insider directly owned 33,194,457 shares in the company, valued at approximately $17,261,117.64. This represents a 1.08% 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 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 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 value 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 value 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 value 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 value 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 value 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 value of $47,751.21.

374Water Stock Down 2.8%

SCWO stock traded down $0.01 during midday trading on Thursday, hitting $0.46. The company's stock had a trading volume of 4,438,454 shares, compared to its average volume of 14,358,325. The stock's 50-day moving average price is $0.35 and its 200 day moving average price is $0.32. 374Water Inc. has a 1 year low of $0.16 and a 1 year high of $1.95. The stock 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 issued 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). 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 analysts' expectations of $5.20 million.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On 374Water

Institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. increased its stake in 374Water by 21.6% in the 1st quarter. D.A. Davidson & CO. now owns 570,465 shares of the company's stock worth $194,000 after acquiring an additional 101,285 shares during the last quarter. Nuveen LLC bought a new position in 374Water in the 1st quarter worth about $37,000. Sigma Planning Corp increased its stake in 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 during the last quarter. Sentinel Trust Co. LBA increased its stake in 374Water by 30.8% in the 1st quarter. Sentinel Trust Co. LBA now owns 401,300 shares of the company's stock worth $136,000 after acquiring an additional 94,500 shares during the last quarter. Finally, Patron Partners LLC increased its stake in 374Water by 62.5% in 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 last quarter. 12.16% of the stock is currently owned by institutional investors.

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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