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 the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $0.39, for a total transaction of $47,751.21. Following the completion of the transaction, the insider owned 35,813,175 shares of the company's stock, valued at $13,967,138.25. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 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 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 transaction 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 shares were 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 shares were sold at an average price of $0.40, for a total transaction of $23,060.00.
• On Monday, June 16th, Yaacov Nagar sold 6,052 shares of 374Water stock. The shares were sold at an average price of $0.40, for a total transaction 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 Trading Up 3.3%

SCWO stock traded up $0.01 on Friday, hitting $0.40. 153,116 shares of the company's stock traded hands, compared to its average volume of 1,045,732. 374Water Inc. has a 1-year low of $0.16 and a 1-year high of $1.99. The stock has a market cap of $60.87 million, a price-to-earnings ratio of -3.66 and a beta of -0.30. The stock has a fifty day moving average of $0.27 and a 200-day moving average of $0.31.

374Water (NASDAQ:SCWO - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate 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 business had revenue of $0.60 million for the quarter, compared to analyst estimates of $5.20 million.

Institutional Investors Weigh In On 374Water

Several hedge funds have recently made changes to their positions in SCWO. Jane Street Group LLC purchased a new stake in shares of 374Water in the 2nd quarter valued at approximately $28,000. Y Intercept Hong Kong Ltd purchased a new stake in 374Water in the 2nd quarter worth approximately $35,000. Nuveen LLC purchased a new stake in 374Water in the 1st quarter worth approximately $37,000. Patron Partners LLC lifted its position 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 buying an additional 50,000 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC purchased a new stake in 374Water in the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 12.16% of the company's stock.

Analyst Ratings Changes

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

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.