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

374Water Inc. (NASDAQ:SCWO) COO Brad Ian Meyers sold 9,831 shares of the stock in a transaction 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 sale, the chief operating officer directly owned 30,169 shares of the company’s stock, valued at $70,293.77. The trade was a 24.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 Trading Down 4.8%

Shares of SCWO opened at $2.20 on Wednesday. The stock has a market capitalization of $38.50 million, a P/E ratio of -2.56 and a beta of -0.28. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $2.61 and a two-hundred day simple moving average of $2.66. 374Water Inc. has a twelve month low of $1.63 and a twelve month high of $10.90.

374Water (NASDAQ:SCWO) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.26) earnings per share for the quarter. The firm had revenue of $0.55 million for the quarter. 374Water had a negative net margin of 911.15% and a negative return on equity of 338.77%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On 374Water

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CW Advisors LLC bought a new stake in 374Water during the 2nd quarter valued at about $117,000. Qube Research & Technologies Ltd bought a new stake in 374Water during the 2nd quarter valued at about $93,000. Marshall Wace LLP bought a new stake in 374Water during the 2nd quarter valued at about $57,000. Two Sigma Investments LP bought a new stake in 374Water during the 3rd quarter valued at about $41,000. Finally, D.A. Davidson & CO. increased its stake in 374Water by 24.0% during the 1st quarter. D.A. Davidson & CO. now owns 135,482 shares of the company’s stock valued at $385,000 after purchasing an additional 26,188 shares in the last quarter. Hedge funds and other institutional investors own 12.16% of the company’s stock.

374Water Company Profile

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.