Yaacov Nagar Sells 44,557 Shares of 374Water Inc. (NASDAQ:SCWO) Stock

374Water Inc. (NASDAQ:SCWO) major shareholder Yaacov Nagar sold 44,557 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $1.77, for a total value of $78,865.89. Following the sale, the insider now owns 37,666,195 shares in the company, valued at $66,669,165.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

374Water Price Performance

Shares of SCWO opened at $1.45 on Friday. The stock has a market capitalization of $192.46 million, a PE ratio of -20.71 and a beta of -0.36. The business’s fifty day moving average price is $1.46 and its 200 day moving average price is $1.30. 374Water Inc. has a 12-month low of $0.83 and a 12-month high of $2.09.

374Water (NASDAQ:SCWO) last posted its quarterly earnings results on Thursday, August 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $0.04 million during the quarter.

Hedge Funds Weigh In On 374Water

A number of hedge funds and other institutional investors have recently bought and sold shares of SCWO. Vanguard Group Inc. raised its position in shares of 374Water by 13.3% during the 1st quarter. Vanguard Group Inc. now owns 3,382,249 shares of the company’s stock worth $4,262,000 after purchasing an additional 396,756 shares during the period. Privium Fund Management B.V. bought a new position in 374Water during the 2nd quarter worth $33,000. SG Americas Securities LLC acquired a new stake in 374Water in the third quarter worth $30,000. Finally, Compass Ion Advisors LLC lifted its stake in 374Water by 26.4% in the third quarter. Compass Ion Advisors LLC now owns 101,647 shares of the company’s stock valued at $138,000 after buying an additional 21,212 shares during the last quarter. 12.16% of the stock is currently owned by institutional investors and hedge funds.

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.