Insider Buying: 374Water Inc. (NASDAQ:SCWO) General Counsel Purchases 10,800 Shares of Stock

374Water Inc. (NASDAQ:SCWO) General Counsel Peter Mandel purchased 10,800 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $1.25 per share, for a total transaction of $13,500.00. Following the completion of the purchase, the general counsel now directly owns 258,575 shares of the company’s stock, valued at approximately $323,218.75. This represents a 4.36 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

374Water Stock Performance

374Water stock opened at $1.01 on Wednesday. The stock has a market cap of $133.84 million, a P/E ratio of -12.56 and a beta of -0.36. 374Water Inc. has a fifty-two week low of $0.83 and a fifty-two week high of $2.09. The firm’s fifty day moving average price is $1.52 and its 200-day moving average price is $1.30.

Institutional Investors Weigh In On 374Water

Several institutional investors have recently made changes to their positions in SCWO. SG Americas Securities LLC purchased a new position in shares of 374Water in the 3rd quarter valued at about $30,000. Privium Fund Management B.V. purchased a new position in 374Water during the second quarter worth about $33,000. Barclays PLC raised its stake in shares of 374Water by 299.1% during the 3rd quarter. Barclays PLC now owns 94,506 shares of the company’s stock worth $128,000 after buying an additional 70,828 shares during the last quarter. Compass Ion Advisors LLC boosted its position in 374Water by 26.4% during the third quarter. Compass Ion Advisors LLC now owns 101,647 shares of the company’s stock worth $138,000 after acquiring an additional 21,212 shares during the last quarter. Finally, Sigma Planning Corp increased its stake in 374Water by 7.1% during the third quarter. Sigma Planning Corp now owns 135,193 shares of the company’s stock worth $184,000 after acquiring an additional 9,000 shares during the last quarter. Institutional investors own 12.16% of the company’s stock.

About 374Water

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.