374Water Inc. $SCWO Stake Lifted by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its stake in 374Water Inc. (NASDAQ:SCWO) by 37.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,012,894 shares of the company’s stock after buying an additional 276,349 shares during the period. D.A. Davidson & CO. owned 0.67% of 374Water worth $291,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of 374Water in the 2nd quarter worth about $28,000. Y Intercept Hong Kong Ltd bought a new position in 374Water in the 2nd quarter worth about $35,000. TFO Wealth Partners LLC bought a new position in 374Water in the 3rd quarter worth about $34,000. Marshall Wace LLP acquired a new stake in shares of 374Water in the second quarter valued at approximately $57,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of 374Water during the second quarter valued at approximately $93,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

Analysts Set New Price Targets

SCWO has been the subject of a number of recent analyst reports. Wall Street Zen raised 374Water to a “sell” rating in a report on Saturday, December 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 374Water in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

374Water Price Performance

NASDAQ SCWO opened at $2.51 on Thursday. 374Water Inc. has a 12 month low of $1.63 and a 12 month high of $10.90. The firm has a market capitalization of $42.47 million, a PE ratio of -2.09 and a beta of -0.07. The company’s 50 day simple moving average is $2.65 and its 200 day simple moving average is $3.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.00.

374Water (NASDAQ:SCWO) last released its earnings results on Wednesday, November 12th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.20). 374Water had a negative return on equity of 160.15% and a negative net margin of 911.15%.The firm had revenue of $0.76 million during the quarter, compared to analyst estimates of $10.50 million.

Insider Activity

In related news, major shareholder Yaacov Nagar sold 47,321 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $4.30, for a total value of $203,480.30. Following the sale, the insider directly owned 3,211,263 shares in the company, valued at $13,808,430.90. The trade was a 1.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen J. Jones bought 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average price of $2.30 per share, for a total transaction of $103,500.00. Following the completion of the acquisition, the chief executive officer directly owned 105,572 shares in the company, valued at approximately $242,815.60. This represents a 74.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 99,640 shares of company stock valued at $423,220. Insiders own 16.30% 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.