Yaacov Nagar Sells 122,439 Shares of 374Water (NASDAQ:SCWO) Stock

Key Points

• Yaacov Nagar, a major shareholder of 374Water, sold 122,439 shares on September 5th at an average price of $0.39, reducing his stake to 35,813,175 shares.
• The stock price of 374Water increased by 3.2% reaching $0.41, while previously reporting a one-year low of $0.16 and a high of $1.99.
• 374Water recently reported earnings that missed analysts' expectations, with a loss of ($0.03) per share and revenue of only $0.60 million against an expectation of $5.20 million.

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 122,439 shares of 374Water stock in a transaction on Friday, September 5th. The shares were sold at an average price of $0.39, for a total value of $47,751.21. Following the transaction, the insider owned 35,813,175 shares of the company's stock, valued at $13,967,138.25. The trade was a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

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

• 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 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, June 27th, Yaacov Nagar sold 23,396 shares of 374Water stock. The shares were sold at an average price of $0.42, for a total transaction of $9,826.32.
• On Thursday, June 26th, Yaacov Nagar sold 103,379 shares of 374Water stock. The shares were sold at an average price of $0.42, for a total transaction of $43,419.18.
• On Tuesday, June 24th, Yaacov Nagar sold 59,946 shares of 374Water stock. The stock was sold at an average price of $0.42, for a total transaction of $25,177.32.
• On Monday, June 23rd, Yaacov Nagar sold 36,191 shares of 374Water stock. The shares were sold at an average price of $0.42, for a total transaction of $15,200.22.
• On Wednesday, June 18th, Yaacov Nagar sold 57,650 shares of 374Water stock. The stock was sold at an average price of $0.40, for a total value of $23,060.00.
• On Monday, June 16th, Yaacov Nagar sold 6,052 shares of 374Water stock. The stock was sold at an average price of $0.40, for a total value of $2,420.80.
• On Thursday, June 12th, Yaacov Nagar sold 42,350 shares of 374Water stock. The shares were sold at an average price of $0.40, for a total transaction of $16,940.00.

374Water Stock Up 3.2%

Shares of SCWO traded up $0.01 during mid-day trading on Monday, hitting $0.41. 948,831 shares of the company traded hands, compared to its average volume of 995,660. 374Water Inc. has a 1 year low of $0.16 and a 1 year high of $1.99. The stock has a 50-day moving average price of $0.25 and a two-hundred day moving average price of $0.31.

374Water (NASDAQ:SCWO - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The company had revenue of $0.60 million for 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

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of 374Water in a research report on Saturday, August 30th.

Hedge Funds Weigh In On 374Water

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of 374Water in the fourth quarter worth $255,000. Northern Trust Corp boosted its holdings in 374Water by 6.7% in the 4th quarter. Northern Trust Corp now owns 516,867 shares of the company's stock worth $353,000 after buying an additional 32,285 shares during the period. Captrust Financial Advisors increased its stake in 374Water by 4.4% in the 4th quarter. Captrust Financial Advisors now owns 670,888 shares of the company's stock worth $458,000 after buying an additional 28,461 shares in the last quarter. Wealthedge Investment Advisors LLC bought a new stake in 374Water during the fourth quarter valued at about $55,000. Finally, Patron Partners LLC lifted its position in shares of 374Water by 62.5% in the first quarter. Patron Partners LLC now owns 130,000 shares of the company's stock valued at $44,000 after acquiring an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 12.16% of the company's stock.

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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