Insider Selling: 374Water (NASDAQ:SCWO) Major Shareholder Sells 473,211 Shares of Stock

Key Points

• Yaacov Nagar, a major shareholder of 374Water Inc. (NASDAQ: SCWO), sold 473,211 shares of stock on October 23rd for approximately $203,480.73, reducing his ownership by 1.45%.
• In the week leading up to the sale, Nagar made multiple transactions, selling over 2 million shares of 374Water stock at an average price ranging from $0.39 to $0.52.
• Despite the sell-off, 374Water's stock has shown volatility, trading down to $0.46 recently, with a market cap of $68.93 million and a consensus rating of "Sell" from analysts.

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 473,211 shares of the business's stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $0.43, for a total value of $203,480.73. Following the completion of the transaction, the insider directly owned 32,112,632 shares of the company's stock, valued at approximately $13,808,431.76. This trade represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Wednesday, October 22nd, Yaacov Nagar sold 61,000 shares of 374Water stock. The stock was sold at an average price of $0.42, for a total value of $25,620.00.
• On Wednesday, October 22nd, Yaacov Nagar sold 32,791 shares of 374Water stock. The stock was sold at an average price of $0.42, for a total value of $13,772.22.
• 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 value of $119,445.48.
• 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 value 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 value 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 value 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 value 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 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 shares were sold at an average price of $0.39, for a total value of $390.00.

374Water Price Performance

SCWO traded down $0.03 on Friday, reaching $0.46. The company's stock had a trading volume of 6,412,423 shares, compared to its average volume of 2,603,350. The stock has a market cap of $68.93 million, a price-to-earnings ratio of -4.15 and a beta of -0.40. 374Water Inc. has a 1 year low of $0.16 and a 1 year high of $1.93. The business's 50 day moving average is $0.37 and its 200 day moving average is $0.32.

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). The business 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%.

Institutional Trading of 374Water

Several hedge funds have recently made changes to their positions in SCWO. CW Advisors LLC bought a new stake in shares of 374Water in the 2nd quarter worth approximately $117,000. Wealthedge Investment Advisors LLC boosted its stake 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 worth $131,000 after acquiring an additional 304,635 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of 374Water during the 2nd quarter worth $93,000. D.A. Davidson & CO. boosted its stake in shares of 374Water by 37.5% during the 3rd quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company's stock worth $291,000 after acquiring an additional 276,349 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of 374Water during the second quarter valued at $57,000. Institutional investors own 12.16% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on SCWO shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of 374Water in a report on Friday. Wall Street Zen raised 374Water to a "sell" rating in a report on Saturday, October 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, 374Water has a consensus rating of "Sell".

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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