374Water Inc. $SCWO Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its holdings in 374Water Inc. (NASDAQ:SCWO) by 86.5% in the fourth quarter, Holdings Channel reports. The firm owned 45,353 shares of the company’s stock after selling 290,540 shares during the period. Sigma Planning Corp’s holdings in 374Water were worth $93,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Two Sigma Investments LP acquired a new stake in shares of 374Water in the 3rd quarter worth $41,000. D.A. Davidson & CO. boosted its position in shares of 374Water by 37.5% in the 3rd quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company’s stock worth $291,000 after purchasing an additional 276,349 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of 374Water in the 2nd quarter worth $28,000. Qube Research & Technologies Ltd acquired a new stake in shares of 374Water in the 2nd quarter worth $93,000. Finally, Marshall Wace LLP acquired a new stake in shares of 374Water in the 2nd quarter worth $57,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

374Water Stock Performance

Shares of SCWO opened at $2.37 on Friday. The stock has a 50-day moving average of $2.83 and a two-hundred day moving average of $2.88. 374Water Inc. has a one year low of $1.63 and a one year high of $10.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.05 and a current ratio of 1.40. The stock has a market cap of $41.34 million, a P/E ratio of -1.97 and a beta of -0.29.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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 MarketBeat.com, the company currently has an average rating of “Sell”.

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.