374Water Inc. (NASDAQ:SCWO) Major Shareholder Yaacov Nagar Sells 69,570 Shares

374Water Inc. (NASDAQ:SCWO) major shareholder Yaacov Nagar sold 69,570 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $0.68, for a total transaction of $47,307.60. Following the completion of the transaction, the insider now directly owns 37,050,752 shares in the company, valued at $25,194,511.36. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, November 14th, Yaacov Nagar sold 8,563 shares of 374Water stock. The shares were sold at an average price of $1.41, for a total value of $12,073.83.
• On Monday, November 11th, Yaacov Nagar sold 30,662 shares of 374Water stock. The stock was sold at an average price of $1.54, for a total value of $47,219.48.
• On Friday, November 8th, Yaacov Nagar sold 13,771 shares of 374Water stock. The shares were sold at an average price of $1.62, for a total value of $22,309.02.
• On Monday, November 4th, Yaacov Nagar sold 37,832 shares of 374Water stock. The stock was sold at an average price of $1.41, for a total transaction of $53,343.12.
• On Thursday, October 31st, Yaacov Nagar sold 462 shares of 374Water stock. The stock was sold at an average price of $1.63, for a total transaction of $753.06.
• On Tuesday, October 29th, Yaacov Nagar sold 44,557 shares of 374Water stock. The shares were sold at an average price of $1.77, for a total transaction of $78,865.89.

374Water Stock Down 2.8 %

SCWO traded down $0.02 during trading on Tuesday, reaching $0.62. The company’s stock had a trading volume of 271,975 shares, compared to its average volume of 646,552. The company has a market cap of $82.56 million, a price-to-earnings ratio of -7.75 and a beta of -0.43. The firm has a fifty day simple moving average of $0.95 and a two-hundred day simple moving average of $1.18. 374Water Inc. has a 1 year low of $0.54 and a 1 year high of $1.99.

Hedge Funds Weigh In On 374Water

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in shares of 374Water by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock worth $2,118,000 after acquiring an additional 158,482 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 374Water by 20.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 498,529 shares of the company’s stock valued at $678,000 after purchasing an additional 83,198 shares during the period. Barclays PLC increased its position in 374Water by 299.1% during the third quarter. Barclays PLC now owns 94,506 shares of the company’s stock worth $128,000 after purchasing an additional 70,828 shares during the last quarter. SG Americas Securities LLC purchased a new position in 374Water during the third quarter worth about $30,000. Finally, Virtu Financial LLC acquired a new position in 374Water in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

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.