Yaacov Nagar Sells 131,680 Shares of 374Water (NASDAQ:SCWO) Stock

Key Points

• Yaacov Nagar, a major shareholder of 374Water Inc., sold 131,680 shares at an average price of $0.42 on October 17th, reducing his position by 0.40% and still retaining 32,977,358 shares valued at approximately $13.85 million.
• The company's stock is currently trading at $0.39, with a market capitalization of $59.37 million and a PE ratio of -3.57, reflecting a challenging financial position.
• Analysts currently have a consensus rating of "Sell" for 374Water, indicating a negative outlook amidst disappointing financial performance, including a recent earnings miss.

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 131,680 shares of the company's stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $0.42, for a total value of $55,305.60. Following the sale, the insider owned 32,977,358 shares of the company's stock, valued at $13,850,490.36. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 stock was sold at an average price of $0.39, for a total value of $390.00.
• On Friday, August 29th, Yaacov Nagar sold 22,711 shares of 374Water stock. The stock was 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, 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 value of $47,751.21.

374Water Stock Performance

NASDAQ:SCWO traded down $0.02 during trading hours on Monday, hitting $0.39. The company's stock had a trading volume of 4,636,880 shares, compared to its average volume of 14,685,835. The business's 50-day moving average is $0.36 and its two-hundred day moving average is $0.32. The company has a market capitalization of $59.37 million, a PE ratio of -3.57 and a beta of -0.40. 374Water Inc. has a 52-week low of $0.16 and a 52-week high of $1.95.

374Water (NASDAQ:SCWO - Get Free Report) last released 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 business had revenue of $0.60 million during the quarter, compared to analysts' expectations of $5.20 million. 374Water had a negative return on equity of 138.71% and a negative net margin of 1,278.90%.

Institutional Trading of 374Water

A number of large investors have recently made changes to their positions in the stock. Patron Partners LLC boosted its stake in shares of 374Water by 62.5% during 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 during the last quarter. Jane Street Group LLC acquired a new stake in shares of 374Water during the second quarter valued at $28,000. Sigma Planning Corp boosted its stake in shares of 374Water by 47.1% during the first quarter. Sigma Planning Corp now owns 270,693 shares of the company's stock valued at $92,000 after acquiring an additional 86,733 shares during the last quarter. Sentinel Trust Co. LBA boosted its stake in shares of 374Water by 30.8% during the first quarter. Sentinel Trust Co. LBA now owns 401,300 shares of the company's stock valued at $136,000 after acquiring an additional 94,500 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of 374Water by 21.6% during the first quarter. D.A. Davidson & CO. now owns 570,465 shares of the company's stock valued at $194,000 after acquiring an additional 101,285 shares during the last quarter. Institutional investors and hedge funds own 12.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SCWO shares. Wall Street Zen raised 374Water to a "sell" rating in a report on Saturday. Weiss Ratings reissued a "sell (e+)" rating on shares of 374Water in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of "Sell".

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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