Insider Selling: 374Water (NASDAQ:SCWO) Major Shareholder Sells $189,211.36 in Stock

374Water Inc. (NASDAQ:SCWO) major shareholder Yaacov Nagar sold 363,868 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $0.52, for a total transaction of $189,211.36. Following the completion of the sale, the insider owned 33,194,457 shares in the company, valued at $17,261,117.64. The trade was a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Tuesday, October 14th, Yaacov Nagar sold 700,000 shares of 374Water stock. The stock was sold at an average price of $0.52, for a total transaction of $364,000.00.
• On Wednesday, October 8th, Yaacov Nagar sold 1,499,000 shares of 374Water stock. The stock was sold at an average price of $0.46, for a total transaction of $689,540.00.
• On Tuesday, October 7th, Yaacov Nagar sold 1,000 shares of 374Water stock. The stock was sold at an average price of $0.39, for a total transaction of $390.00.
• On Friday, August 29th, Yaacov Nagar sold 22,711 shares of 374Water stock. The stock was sold at an average price of $0.39, for a total transaction of $8,857.29.
• On Monday, September 8th, Yaacov Nagar sold 54,850 shares of 374Water stock. The stock was sold at an average price of $0.40, for a total transaction of $21,940.00.
• On Friday, September 5th, Yaacov Nagar sold 122,439 shares of 374Water stock. The stock was sold at an average price of $0.39, for a total transaction of $47,751.21.

374Water Price Performance

374Water stock opened at $0.42 on Friday. The firm’s 50 day simple moving average is $0.35 and its 200-day simple moving average is $0.32. The company has a market cap of $63.09 million, a P/E ratio of -3.80 and a beta of -0.40. 374Water Inc. has a fifty-two week low of $0.16 and a fifty-two week high of $1.95.

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

Analyst Ratings Changes

SCWO has been the topic of several analyst reports. Wall Street Zen raised shares of 374Water to a “sell” rating in a research report on Saturday. Weiss Ratings reissued a “sell (e+)” rating on shares of 374Water in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. grew its position in 374Water by 21.6% during the first quarter. D.A. Davidson & CO. now owns 570,465 shares of the company’s stock valued at $194,000 after purchasing an additional 101,285 shares in the last quarter. Nuveen LLC acquired a new stake in 374Water in the first quarter valued at approximately $37,000. Sigma Planning Corp lifted its stake in 374Water by 47.1% in the first quarter. Sigma Planning Corp now owns 270,693 shares of the company’s stock valued at $92,000 after acquiring an additional 86,733 shares during the last quarter. Sentinel Trust Co. LBA lifted its stake in 374Water by 30.8% in the first quarter. Sentinel Trust Co. LBA now owns 401,300 shares of the company’s stock valued at $136,000 after acquiring an additional 94,500 shares during the last quarter. Finally, Patron Partners LLC lifted its stake in 374Water by 62.5% in the first quarter. Patron Partners LLC now owns 130,000 shares of the company’s stock valued at $44,000 after acquiring an additional 50,000 shares during the last quarter. 12.16% of the stock is owned by hedge funds and other institutional investors.

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.