374Water (NASDAQ:SCWO) COO Sells $22,140.00 in Stock

374Water Inc. (NASDAQ:SCWO) COO Brad Ian Meyers sold 9,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $2.46, for a total transaction of $22,140.00. Following the transaction, the chief operating officer owned 40,000 shares of the company’s stock, valued at $98,400. This represents a 18.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Brad Ian Meyers also recently made the following trade(s):

• On Friday, June 12th, Brad Ian Meyers sold 9,831 shares of 374Water stock. The stock was sold at an average price of $2.33, for a total transaction of $22,906.23.

374Water Price Performance

Shares of NASDAQ:SCWO opened at $2.18 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $38.15 million, a PE ratio of -2.53 and a beta of -0.28. 374Water Inc. has a twelve month low of $1.63 and a twelve month high of $10.90. The company has a 50-day moving average price of $2.60 and a two-hundred day moving average price of $2.66.

374Water (NASDAQ:SCWO) last issued its earnings results on Thursday, May 14th. The company reported ($0.26) earnings per share for the quarter. The business had revenue of $0.55 million for the quarter. 374Water had a negative return on equity of 338.77% and a negative net margin of 911.15%.

Hedge Funds Weigh In On 374Water

Large investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of 374Water in the fourth quarter valued at approximately $26,000. Sigma Planning Corp boosted its position in shares of 374Water by 15.4% in the first quarter. Sigma Planning Corp now owns 52,353 shares of the company’s stock valued at $149,000 after acquiring an additional 7,000 shares during the period. Jane Street Group LLC bought a new position in shares of 374Water in the second quarter valued at approximately $28,000. D.A. Davidson & CO. boosted its position in shares of 374Water by 24.0% in the first quarter. D.A. Davidson & CO. now owns 135,482 shares of the company’s stock valued at $385,000 after acquiring an additional 26,188 shares during the period. Finally, Two Sigma Investments LP bought a new position in shares of 374Water in the third quarter valued at approximately $41,000. 12.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of 374Water in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

374Water Company Profile

374Water, Inc (NASDAQ: SCWO) develops and commercializes advanced water treatment technologies based on supercritical water oxidation (SCWO). The company’s flagship offering utilizes high-temperature and high-pressure conditions to oxidize organic contaminants in industrial and agricultural wastewater, converting harmful substances into benign end products such as clean water, carbon dioxide, and salts. This proprietary process is capable of destroying a wide range of pollutants, including hydrocarbons, PFAS, and biological sludges, without the need for harmful chemicals or lengthy residence times.

In addition to manufacturing modular SCWO reactors, 374Water provides end-to-end solutions encompassing system design, engineering, installation, pilot testing, commissioning, and ongoing maintenance.