Brad Ian Meyers Sells 9,000 Shares of 374Water (NASDAQ:SCWO) Stock

by · The Cerbat Gem

374Water Inc. (NASDAQ:SCWO – Get Free Report) COO Brad Ian Meyers sold 9,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $2.46, for a total value of $22,140.00. Following the transaction, the chief operating officer directly owned 40,000 shares of the company’s stock, valued at $98,400. The trade was a 18.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Brad Ian Meyers also recently made the following trade(s):

  • On Friday, June 12th, Brad Ian Meyers sold 9,831 shares of 374Water stock. The shares were sold at an average price of $2.33, for a total value of $22,906.23.

374Water Stock Performance

374Water stock remained flat at $2.31 during midday trading on Monday. The company had a trading volume of 101,411 shares, compared to its average volume of 78,329. The company’s 50-day moving average is $2.62 and its 200-day moving average is $2.67. 374Water Inc. has a 1 year low of $1.63 and a 1 year high of $10.90. The firm has a market capitalization of $40.42 million, a P/E ratio of -2.69 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.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCWO. CW Advisors LLC acquired a new stake in 374Water during the second quarter worth about $117,000. Marshall Wace LLP purchased a new stake in shares of 374Water during the 2nd quarter worth about $57,000. Qube Research & Technologies Ltd purchased a new stake in shares of 374Water during the 2nd quarter worth about $93,000. Jane Street Group LLC acquired a new stake in 374Water during the 2nd quarter worth approximately $28,000. Finally, Two Sigma Investments LP acquired a new stake in 374Water during the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of 374Water in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

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About 374Water

(Get Free Report)

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.

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