374Water Inc. (NASDAQ:SCWO) Major Shareholder Yaacov Nagar Sells 45,998 Shares of Stock

374Water Inc. (NASDAQ:SCWO) major shareholder Yaacov Nagar sold 45,998 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $0.42, for a total transaction of $19,319.16. Following the completion of the transaction, the insider now owns 36,342,462 shares in the company, valued at approximately $15,263,834.04. This represents a 0.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, February 7th, Yaacov Nagar sold 12,436 shares of 374Water stock. The stock was sold at an average price of $0.42, for a total transaction of $5,223.12.
• On Wednesday, February 5th, Yaacov Nagar sold 144,860 shares of 374Water stock. The shares were sold at an average price of $0.43, for a total value of $62,289.80.
• On Monday, February 3rd, Yaacov Nagar sold 212,120 shares of 374Water stock. The stock was sold at an average price of $0.49, for a total value of $103,938.80.
• 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 stock was sold at an average price of $0.59, for a total value of $11,665.48.
• On Thursday, January 16th, Yaacov Nagar sold 300 shares of 374Water stock. The shares were 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 stock was 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 shares were sold at an average price of $0.68, for a total transaction of $47,307.60.

374Water Stock Performance

SCWO opened at $0.34 on Friday. 374Water Inc. has a twelve month low of $0.30 and a twelve month high of $1.99. The business has a 50 day moving average price of $0.40 and a 200 day moving average price of $0.91. The firm has a market cap of $44.74 million, a P/E ratio of -4.20 and a beta of -0.01.

374Water (NASDAQ:SCWO) last posted its quarterly earnings data on Thursday, March 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.10 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a research report on Saturday, March 22nd.

Institutional Investors Weigh In On 374Water

A number of hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of 374Water in the third quarter worth about $30,000. Avalon Trust Co increased its position in 374Water by 1,333.3% in the 4th quarter. Avalon Trust Co now owns 43,000 shares of the company’s stock worth $29,000 after buying an additional 40,000 shares during the period. SG Americas Securities LLC lifted its holdings in shares of 374Water by 109.2% during the fourth quarter. SG Americas Securities LLC now owns 46,782 shares of the company’s stock worth $32,000 after buying an additional 24,418 shares during the last quarter. Patron Partners LLC bought a new stake in shares of 374Water in the fourth quarter valued at approximately $55,000. Finally, Wealthedge Investment Advisors LLC bought a new stake in shares of 374Water in the fourth quarter valued at approximately $55,000. 12.16% of the stock is currently owned by 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.