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Insider Selling: 374Water (NASDAQ:SCWO) Major Shareholder Sells 1,499,000 Shares of Stock

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Key Points

  • Yaacov Nagar, a major shareholder of 374Water, sold 1,499,000 shares at an average price of $0.46, totaling approximately $689,540, which decreased his position by 4.19%.
  • Following the sale, Nagar still holds 34,258,325 shares valued at about $15.76 million, as reported in a SEC filing.
  • Shares of 374Water rose by 14.1% to $0.68 recently, significantly higher than its 52-week low of $0.16, with a market capitalization of $103.24 million.
  • Five stocks to consider instead of 374Water.

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 1,499,000 shares of the company's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $0.46, for a total transaction of $689,540.00. Following the completion of the sale, the insider directly owned 34,258,325 shares of the company's stock, valued at $15,758,829.50. The trade was a 4.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more 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 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 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 Trading Up 14.1%

Shares of SCWO stock traded up $0.08 during trading hours on Friday, hitting $0.68. 22,014,685 shares of the company were exchanged, compared to its average volume of 2,236,704. The business has a 50 day moving average of $0.33 and a two-hundred day moving average of $0.31. 374Water Inc. has a 52 week low of $0.16 and a 52 week high of $1.95. The company has a market capitalization of $103.24 million, a PE ratio of -6.21 and a beta of -0.40.

374Water (NASDAQ:SCWO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $0.60 million for 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%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of 374Water in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Sell".

Read Our Latest Analysis on 374Water

Institutional Trading of 374Water

A number of large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in 374Water in the second quarter valued at $28,000. Qube Research & Technologies Ltd acquired a new stake in 374Water in the second quarter valued at $93,000. Marshall Wace LLP acquired a new stake in 374Water in the second quarter valued at $57,000. CW Advisors LLC acquired a new stake in 374Water in the second quarter valued at $117,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in 374Water in the second quarter valued at $35,000. Institutional investors and hedge funds own 12.16% of the company's stock.

374Water Company Profile

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for 374Water (NASDAQ:SCWO)

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