Yaacov Nagar Sells 36,191 Shares of 374Water Inc. (NASDAQ:SCWO) Stock

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 36,191 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $0.42, for a total transaction of $15,200.22. Following the completion of the transaction, the insider now owns 36,145,046 shares of the company's stock, valued at approximately $15,180,919.32. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

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

• 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 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 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 value of $2,420.80.
• On Thursday, June 12th, Yaacov Nagar sold 42,350 shares of 374Water stock. The stock was sold at an average price of $0.40, for a total value of $16,940.00.

374Water Stock Down 3.8%

374Water stock traded down $0.02 during mid-day trading on Wednesday, hitting $0.39. 190,163 shares of the stock were exchanged, compared to its average volume of 482,845. The firm's fifty day simple moving average is $0.34 and its two-hundred day simple moving average is $0.44. 374Water Inc. has a 12 month low of $0.25 and a 12 month high of $1.99.

374Water (NASDAQ:SCWO - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $0.54 million during the quarter, compared to analyst estimates of $0.10 million. 374Water had a negative net margin of 2,093.18% and a negative return on equity of 119.57%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. grew its stake in 374Water by 8.5% during the fourth quarter. D.A. Davidson & CO. now owns 469,180 shares of the company's stock worth $320,000 after purchasing an additional 36,645 shares during the period. Sigma Planning Corp boosted its holdings in shares of 374Water by 36.1% during the 4th quarter. Sigma Planning Corp now owns 183,960 shares of the company's stock worth $126,000 after buying an additional 48,767 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of 374Water during the 4th quarter worth approximately $255,000. Avalon Trust Co grew its position in shares of 374Water by 1,333.3% during the 4th quarter. Avalon Trust Co now owns 43,000 shares of the company's stock worth $29,000 after buying an additional 40,000 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of 374Water by 109.8% in the 4th quarter. JPMorgan Chase & Co. now owns 261,333 shares of the company's stock valued at $178,000 after acquiring an additional 136,753 shares in the last quarter. 12.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of 374Water in a research report on Wednesday, June 11th.

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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