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

374Water Inc. (NASDAQ:SCWO) major shareholder Yaacov Nagar sold 36,191 shares of the stock in a transaction dated 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 sale, the insider now owns 36,145,046 shares of the company’s stock, valued at approximately $15,180,919.32. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 Tuesday, June 24th, Yaacov Nagar sold 59,946 shares of 374Water stock. The stock was sold at an average price of $0.42, for a total value of $25,177.32.
• 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 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 value of $16,940.00.

374Water Price Performance

374Water stock opened at $0.39 on Thursday. The firm has a 50 day simple moving average of $0.35 and a 200-day simple moving average of $0.44. The stock has a market cap of $56.43 million, a price-to-earnings ratio of -3.90 and a beta of -0.13. 374Water Inc. has a 1-year low of $0.25 and a 1-year high of $1.99.

374Water (NASDAQ:SCWO) last posted its earnings results on Thursday, May 15th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $0.54 million during the quarter, compared to analysts’ expectations of $0.10 million. 374Water had a negative net margin of 2,093.18% and a negative return on equity of 119.57%.

Institutional Trading of 374Water

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in 374Water in the 4th quarter valued at approximately $255,000. D.A. Davidson & CO. raised its holdings in shares of 374Water by 8.5% in 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. JPMorgan Chase & Co. lifted its stake in 374Water by 109.8% during the 4th quarter. JPMorgan Chase & Co. now owns 261,333 shares of the company’s stock worth $178,000 after acquiring an additional 136,753 shares in the last quarter. Avalon Trust Co lifted its stake in 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 acquiring an additional 40,000 shares in the last quarter. Finally, Sigma Planning Corp lifted its stake in 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 acquiring an additional 48,767 shares in the last quarter. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of 374Water in a report on Wednesday, June 11th.

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.