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

374Water Inc. (NASDAQ:SCWO) COO Brad Ian Meyers sold 9,000 shares of the company’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 completion of the sale, the chief operating officer directly owned 40,000 shares in the company, valued at approximately $98,400. The trade was a 18.37% decrease in their ownership of the stock. 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 Friday, June 12th, Brad Ian Meyers sold 9,831 shares of 374Water stock. The stock was sold at an average price of $2.33, for a total value of $22,906.23.

374Water Price Performance

Shares of SCWO stock opened at $2.31 on Tuesday. The stock has a market cap of $40.43 million, a price-to-earnings ratio of -2.69 and a beta of -0.28. The business’s fifty day moving average is $2.62 and its 200 day moving average is $2.67. 374Water Inc. has a twelve month low of $1.63 and a twelve month high of $10.90. 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) last issued 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 during the quarter. 374Water had a negative return on equity of 338.77% and a negative net margin of 911.15%.

Institutional Investors Weigh In On 374Water

A number of institutional investors have recently modified their holdings of SCWO. CW Advisors LLC purchased a new stake in shares of 374Water in the second quarter worth $117,000. Qube Research & Technologies Ltd purchased a new stake in shares of 374Water in the second quarter worth $93,000. Marshall Wace LLP purchased a new stake in shares of 374Water in the second quarter worth $57,000. Two Sigma Investments LP purchased a new stake in shares of 374Water in the third quarter worth $41,000. Finally, Jane Street Group LLC purchased a new stake in shares of 374Water in the second quarter worth $28,000. 12.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

About 374Water

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.