Insider Buying: 374Water Inc. (NASDAQ:SCWO) Director Purchases 32,000 Shares of Stock

374Water Inc. (NASDAQ:SCWO) Director Marc Deshusses bought 32,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $1.25 per share, with a total value of $40,000.00. Following the transaction, the director now directly owns 22,652,451 shares in the company, valued at approximately $28,315,563.75. The trade was a 0.14 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

374Water Stock Performance

Shares of SCWO stock traded down $0.03 during trading hours on Tuesday, hitting $1.01. 234,798 shares of the company were exchanged, compared to its average volume of 128,577. The stock has a market capitalization of $133.84 million, a price-to-earnings ratio of -12.88 and a beta of -0.36. 374Water Inc. has a one year low of $0.83 and a one year high of $2.09. The business’s 50-day simple moving average is $1.52 and its two-hundred day simple moving average is $1.30.

Institutional Investors Weigh In On 374Water

Institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its holdings in 374Water by 299.1% in the third quarter. Barclays PLC now owns 94,506 shares of the company’s stock worth $128,000 after purchasing an additional 70,828 shares during the period. Geode Capital Management LLC grew its position in shares of 374Water by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock valued at $2,118,000 after buying an additional 158,482 shares during the last quarter. Icon Wealth Advisors LLC raised its stake in 374Water by 1.7% during the third quarter. Icon Wealth Advisors LLC now owns 1,166,612 shares of the company’s stock worth $1,587,000 after acquiring an additional 20,000 shares during the period. D.A. Davidson & CO. boosted its stake in 374Water by 10.6% in the third quarter. D.A. Davidson & CO. now owns 432,535 shares of the company’s stock valued at $588,000 after acquiring an additional 41,620 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 374Water by 20.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 498,529 shares of the company’s stock valued at $678,000 after purchasing an additional 83,198 shares during the last quarter. 12.16% of the stock is currently owned by institutional investors.

374Water Company Profile

374Water Inc provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. It offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation that are used to treat various hazardous and non-hazardous waste streams.