Brad Ian Meyers Sells 9,000 Shares of 374Water (NASDAQ:SCWO) 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 shares were sold at an average price of $2.46, for a total transaction of $22,140.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 transaction of $22,906.23.

374Water Price Performance

374Water stock opened at $2.20 on Wednesday. The company has a market cap of $38.50 million, a price-to-earnings ratio of -2.56 and a beta of -0.28. The firm’s fifty day moving average is $2.61 and its 200 day moving average is $2.66. 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 Inc. has a 52-week low of $1.63 and a 52-week high of $10.90.

374Water (NASDAQ:SCWO) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business 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%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SCWO. Virtu Financial LLC bought a new position in 374Water during the fourth quarter valued at $26,000. Jane Street Group LLC bought a new position in 374Water during the second quarter valued at $28,000. Two Sigma Investments LP bought a new position in 374Water during the third quarter valued at $41,000. Marshall Wace LLP bought a new position in 374Water during the second quarter valued at $57,000. Finally, Qube Research & Technologies Ltd bought a new position in 374Water during the second quarter valued at $93,000. Institutional investors own 12.16% of the company’s stock.

Analyst Ratings Changes

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