374Water (NASDAQ:SCWO) COO Brad Ian Meyers Sells 9,831 Shares of Stock

374Water Inc. (NASDAQ:SCWO) COO Brad Ian Meyers sold 9,831 shares of 374Water stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $2.33, for a total transaction of $22,906.23. Following the completion of the sale, the chief operating officer owned 30,169 shares in the company, valued at $70,293.77. This trade represents a 24.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, June 11th, Brad Ian Meyers sold 9,000 shares of 374Water stock. The shares were sold at an average price of $2.46, for a total transaction of $22,140.00.

374Water Price Performance

NASDAQ SCWO opened at $2.31 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of 0.18. 374Water Inc. has a 12-month low of $1.63 and a 12-month high of $10.90. The company has a market capitalization of $40.43 million, a PE ratio of -2.69 and a beta of -0.28. The firm’s 50 day moving average is $2.62 and its 200-day moving average is $2.67.

374Water (NASDAQ:SCWO) last released its earnings results on Thursday, May 14th. The company reported ($0.26) earnings per share (EPS) for the quarter. The company 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of 374Water in the fourth quarter valued at $26,000. Sigma Planning Corp grew its stake 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 buying an additional 7,000 shares in the last quarter. Jane Street Group LLC bought a new position in shares of 374Water in the second quarter valued at $28,000. D.A. Davidson & CO. grew its stake 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 buying an additional 26,188 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of 374Water in the third quarter valued at $41,000. 12.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

About 374Water

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.