374Water Inc. (NASDAQ:SCWO) Major Shareholder Yaacov Nagar Sells 42,350 Shares

374Water Inc. (NASDAQ:SCWO) major shareholder Yaacov Nagar sold 42,350 shares of 374Water stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $0.40, for a total value of $16,940.00. Following the completion of the sale, the insider now directly owns 36,238,887 shares of the company’s stock, valued at approximately $14,495,554.80. This trade represents a 0.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% 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 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 transaction of $19,319.16.

374Water Trading Up 7.9%

374Water stock opened at $0.39 on Tuesday. The firm has a 50 day simple moving average of $0.33 and a 200 day simple moving average of $0.46. 374Water Inc. has a 1-year low of $0.25 and a 1-year high of $1.99. The firm has a market capitalization of $56.22 million, a price-to-earnings ratio of -4.86 and a beta of -0.13.

374Water (NASDAQ:SCWO) last announced its quarterly earnings results on Thursday, May 15th. 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 $0.54 million during the quarter, compared to the consensus estimate of $0.10 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of 374Water in a research note on Wednesday, June 11th.

Institutional Investors Weigh In On 374Water

Hedge funds and other institutional investors have recently modified their holdings of the stock. Highbridge Capital Management LLC bought a new position in shares of 374Water in the fourth quarter valued at approximately $765,000. Raymond James Financial Inc. purchased a new stake in 374Water in the 4th quarter worth approximately $255,000. Wealthedge Investment Advisors LLC lifted its stake in 374Water by 376.2% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 385,610 shares of the company’s stock worth $131,000 after purchasing an additional 304,635 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in 374Water by 109.8% in the 4th quarter. JPMorgan Chase & Co. now owns 261,333 shares of the company’s stock valued at $178,000 after purchasing an additional 136,753 shares during the period. Finally, Nuveen LLC purchased a new position in shares of 374Water during the 1st quarter valued at $37,000. 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.