Insider Selling: 374Water Inc. (NASDAQ:SCWO) Major Shareholder Sells 212,120 Shares of Stock

374Water Inc. (NASDAQ:SCWO) major shareholder Yaacov Nagar sold 212,120 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $0.49, for a total value of $103,938.80. Following the sale, the insider now directly owns 36,561,675 shares in the company, valued at $17,915,220.75. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major 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 Friday, January 24th, Yaacov Nagar sold 900 shares of 374Water stock. The shares were sold at an average price of $0.59, for a total value of $531.00.
• On Wednesday, January 22nd, Yaacov Nagar sold 19,772 shares of 374Water stock. The shares were sold at an average price of $0.59, for a total transaction of $11,665.48.
• On Thursday, January 16th, Yaacov Nagar sold 300 shares of 374Water stock. The stock was sold at an average price of $0.63, for a total transaction of $189.00.
• On Tuesday, January 14th, Yaacov Nagar sold 61,268 shares of 374Water stock. The shares were sold at an average price of $0.63, for a total transaction of $38,598.84.
• On Friday, January 10th, Yaacov Nagar sold 69,570 shares of 374Water stock. The stock was sold at an average price of $0.68, for a total value of $47,307.60.
• On Thursday, November 14th, Yaacov Nagar sold 8,563 shares of 374Water stock. The stock was sold at an average price of $1.41, for a total value of $12,073.83.
• On Monday, November 11th, Yaacov Nagar sold 30,662 shares of 374Water stock. The shares were sold at an average price of $1.54, for a total value of $47,219.48.
• On Friday, November 8th, Yaacov Nagar sold 13,771 shares of 374Water stock. The stock was sold at an average price of $1.62, for a total value of $22,309.02.

374Water Stock Down 7.9 %

NASDAQ:SCWO traded down $0.04 during midday trading on Wednesday, hitting $0.41. The company had a trading volume of 463,359 shares, compared to its average volume of 396,090. The company has a market capitalization of $55.18 million, a PE ratio of -5.18 and a beta of -0.42. 374Water Inc. has a 52-week low of $0.41 and a 52-week high of $1.99. The stock’s fifty day moving average price is $0.72 and its 200-day moving average price is $1.11.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a research note on Saturday.

Hedge Funds Weigh In On 374Water

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in 374Water in the third quarter valued at approximately $30,000. SG Americas Securities LLC purchased a new position in shares of 374Water in the third quarter valued at about $30,000. Patron Partners LLC bought a new position in shares of 374Water during the fourth quarter valued at about $55,000. Barclays PLC boosted its holdings in shares of 374Water by 299.1% during the third quarter. Barclays PLC now owns 94,506 shares of the company’s stock worth $128,000 after purchasing an additional 70,828 shares during the period. Finally, Compass Ion Advisors LLC lifted its holdings in 374Water by 26.4% in the 3rd quarter. Compass Ion Advisors LLC now owns 101,647 shares of the company’s stock worth $138,000 after buying an additional 21,212 shares during the period. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

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.