374Water Inc. (NASDAQ:SCWO) Major Shareholder Yaacov Nagar Sells 57,650 Shares

374Water Inc. (NASDAQ:SCWO) major shareholder Yaacov Nagar sold 57,650 shares of the firm’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $0.40, for a total value of $23,060.00. Following the transaction, the insider now owns 36,181,237 shares in the company, valued at $14,472,494.80. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Yaacov Nagar also recently made the following trade(s):

• 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 transaction of $16,940.00.
• On Wednesday, March 26th, Yaacov Nagar sold 45,998 shares of 374Water stock. The shares were sold at an average price of $0.42, for a total value of $19,319.16.

374Water Trading Up 7.8%

Shares of 374Water stock opened at $0.40 on Thursday. The stock has a 50-day moving average price of $0.33 and a 200 day moving average price of $0.46. The company has a market cap of $57.73 million, a P/E ratio of -3.99 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 announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $0.54 million for the quarter, compared to analyst estimates of $0.10 million. 374Water had a negative return on equity of 119.57% and a negative net margin of 2,093.18%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Avalon Trust Co boosted its holdings in 374Water by 1,333.3% during the fourth quarter. Avalon Trust Co now owns 43,000 shares of the company’s stock valued at $29,000 after acquiring an additional 40,000 shares during the period. Nuveen LLC bought a new position in shares of 374Water in the first quarter worth about $37,000. Patron Partners LLC lifted its position in shares of 374Water by 62.5% during the 1st quarter. Patron Partners LLC now owns 130,000 shares of the company’s stock worth $44,000 after purchasing an additional 50,000 shares during the last quarter. Wealthedge Investment Advisors LLC acquired a new position in shares of 374Water during the fourth quarter worth approximately $55,000. Finally, Sigma Planning Corp lifted its holdings in shares of 374Water by 47.1% during the first quarter. Sigma Planning Corp now owns 270,693 shares of the company’s stock worth $92,000 after buying an additional 86,733 shares during the last quarter. 12.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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