Insider Selling: 374Water (NASDAQ:SCWO) Major Shareholder Sells 284,394 Shares of Stock

Key Points

• Yaacov Nagar, a major shareholder of 374Water, sold 284,394 shares at an average price of $0.42, amounting to a total transaction of approximately $119,445.48.
• The stock has experienced a 0.86% decrease in Nagar's ownership following the transaction, leaving him with a total of 32,679,634 shares valued at around $13.7 million.
• 374Water's stock is currently trading at $0.37, down from a 12-month high of $1.94, amidst a negative earnings report with a EPS of ($0.03) that missed expectations.

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 284,394 shares of the business's stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $0.42, for a total transaction of $119,445.48. Following the sale, the insider directly owned 32,679,634 shares in the company, valued at $13,725,446.28. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 Wednesday, October 22nd, Yaacov Nagar sold 32,791 shares of 374Water stock. The shares were sold at an average price of $0.42, for a total transaction of $13,772.22.
• On Monday, October 20th, Yaacov Nagar sold 13,330 shares of 374Water stock. The stock was 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 stock was 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 stock was 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 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 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 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 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 value of $21,940.00.

374Water Stock Performance

NASDAQ SCWO traded down $0.01 during trading on Wednesday, reaching $0.37. The company's stock had a trading volume of 6,279,939 shares, compared to its average volume of 15,187,698. The firm has a market cap of $55.70 million, a price-to-earnings ratio of -3.35 and a beta of -0.40. 374Water Inc. has a twelve month low of $0.16 and a twelve month high of $1.94. The business's fifty day moving average price is $0.36 and its 200-day moving average price is $0.32.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a "sell (e+)" rating on shares of 374Water in a research note on Wednesday, October 8th. Wall Street Zen raised shares of 374Water to a "sell" rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, 374Water presently has an average rating of "Sell".

Institutional Trading of 374Water

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of 374Water in the 2nd quarter worth approximately $28,000. Y Intercept Hong Kong Ltd acquired a new position in 374Water in the 2nd quarter valued at approximately $35,000. Nuveen LLC acquired a new position in 374Water in the 1st quarter valued at approximately $37,000. TFO Wealth Partners LLC acquired a new position in 374Water in the 3rd quarter valued at approximately $34,000. 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 valued at $44,000 after buying an additional 50,000 shares during the period. 12.16% of the stock is currently 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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