Yaacov Nagar Sells 59,946 Shares of 374Water Inc. (NASDAQ:SCWO) Stock

374Water Inc. (NASDAQ:SCWO - Get Free Report) major shareholder Yaacov Nagar sold 59,946 shares of 374Water stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $0.42, for a total transaction of $25,177.32. Following the transaction, the insider now owns 36,085,100 shares of the company's stock, valued at approximately $15,155,742. The trade was a 0.17% 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 at least 10% 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 Monday, June 23rd, Yaacov Nagar sold 36,191 shares of 374Water stock. The stock was 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 stock was sold at an average price of $0.40, for a total transaction of $16,940.00.

374Water Price Performance

Shares of NASDAQ:SCWO traded down $0.02 during midday trading on Wednesday, reaching $0.39. The company's stock had a trading volume of 190,163 shares, compared to its average volume of 482,845. The business has a 50 day moving average price of $0.34 and a 200 day moving average price of $0.44. 374Water Inc. has a 1 year low of $0.25 and a 1 year high of $1.99.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On 374Water

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

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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