374Water (NASDAQ:SCWO) Major Shareholder Yaacov Nagar Sells 54,850 Shares

Key Points

• Yaacov Nagar, a major shareholder of 374Water, sold 54,850 shares at an average price of $0.40, totaling approximately $21,940.
• Following the sale, Nagar retained ownership of 35,758,325 shares, valued at around $14.3 million, reflecting a 0.15% decrease in his position.
• On the trading day of the sale, 374Water's stock rose by 3.2%, closing at $0.41 with a trading volume of 948,831 shares.

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 54,850 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $0.40, for a total transaction of $21,940.00. Following the transaction, the insider owned 35,758,325 shares of the company's stock, valued at approximately $14,303,330. This represents a 0.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more 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 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 Friday, September 5th, Yaacov Nagar sold 122,439 shares of 374Water stock. The shares were sold at an average price of $0.39, for a total transaction of $47,751.21.
• 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 Price Performance

Shares of 374Water stock traded up $0.01 on Friday, hitting $0.40. The company had a trading volume of 153,116 shares, compared to its average volume of 1,045,732. The firm has a market capitalization of $60.87 million, a P/E ratio of -3.66 and a beta of -0.30. 374Water Inc. has a twelve month low of $0.16 and a twelve month high of $1.99. The stock has a 50-day moving average of $0.27 and a 200-day moving average of $0.31.

374Water (NASDAQ:SCWO - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $0.60 million during the quarter, compared to analyst estimates 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 institutional investors and hedge funds have recently added to or reduced their stakes in SCWO. Raymond James Financial Inc. acquired a new position in shares of 374Water in the fourth quarter valued at $255,000. Northern Trust Corp grew its stake in shares of 374Water by 6.7% in the fourth quarter. Northern Trust Corp now owns 516,867 shares of the company's stock valued at $353,000 after acquiring an additional 32,285 shares in the last quarter. Captrust Financial Advisors lifted its position in 374Water by 4.4% during the fourth quarter. Captrust Financial Advisors now owns 670,888 shares of the company's stock worth $458,000 after purchasing an additional 28,461 shares during the period. Wealthedge Investment Advisors LLC bought a new stake in 374Water during the fourth quarter worth about $55,000. Finally, Patron Partners LLC lifted its position in 374Water by 62.5% during the first quarter. Patron Partners LLC now owns 130,000 shares of the company's stock worth $44,000 after purchasing an additional 50,000 shares during the period. 12.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.