Wealthedge Investment Advisors LLC Has $131,000 Stock Position in 374Water Inc. (NASDAQ:SCWO)

Wealthedge Investment Advisors LLC lifted its stake in 374Water Inc. (NASDAQ:SCWO) by 376.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 385,610 shares of the company’s stock after acquiring an additional 304,635 shares during the period. Wealthedge Investment Advisors LLC owned approximately 0.27% of 374Water worth $131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SCWO. JPMorgan Chase & Co. grew its stake in shares of 374Water by 109.8% in 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. Raymond James Financial Inc. acquired a new stake in 374Water during the fourth quarter worth $255,000. Northern Trust Corp boosted its stake in 374Water by 6.7% during the fourth quarter. Northern Trust Corp now owns 516,867 shares of the company’s stock worth $353,000 after buying an additional 32,285 shares in the last quarter. Captrust Financial Advisors boosted its stake 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 buying an additional 28,461 shares in the last quarter. Finally, Patron Partners LLC boosted its stake 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 buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 12.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other 374Water news, major shareholder Yaacov Nagar sold 103,379 shares of the business’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $0.42, for a total transaction of $43,419.18. Following the completion of the sale, the insider directly owned 35,981,721 shares of the company’s stock, valued at approximately $15,112,322.82. The trade was a 0.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders bought 129,593 shares of company stock worth $46,478 and sold 328,964 shares worth $136,044. Corporate insiders own 20.30% of the company’s stock.

374Water Stock Performance

Shares of NASDAQ:SCWO opened at $0.25 on Friday. The company’s fifty day moving average is $0.28 and its 200-day moving average is $0.32. 374Water Inc. has a 52 week low of $0.16 and a 52 week high of $1.99. The company has a market capitalization of $37.76 million, a PE ratio of -2.27 and a beta of -0.29.

374Water (NASDAQ:SCWO) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). 374Water had a negative net margin of 1,278.90% and a negative return on equity of 138.71%. The business had revenue of $0.60 million during the quarter, compared to the consensus estimate of $5.20 million.

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.