Jane Street Group LLC Sells 22,960 Shares of 374Water Inc. (NASDAQ:SCWO)

Jane Street Group LLC cut its stake in 374Water Inc. (NASDAQ:SCWO) by 32.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,003 shares of the company’s stock after selling 22,960 shares during the period. Jane Street Group LLC’s holdings in 374Water were worth $64,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. SG Americas Securities LLC acquired a new position in 374Water in the third quarter valued at about $30,000. Compass Ion Advisors LLC raised 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 in the last quarter. Sigma Planning Corp lifted its position in shares of 374Water by 7.1% in the third quarter. Sigma Planning Corp now owns 135,193 shares of the company’s stock valued at $184,000 after buying an additional 9,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 374Water by 20.0% in 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 period. Finally, D.A. Davidson & CO. raised its holdings in 374Water by 10.6% in the 3rd 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. 12.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Yaacov Nagar sold 69,570 shares of 374Water stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $0.68, for a total value of $47,307.60. Following the transaction, the insider now directly owns 37,050,752 shares of the company’s stock, valued at $25,194,511.36. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Chris M. Gannon bought 120,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $1.25 per share, for a total transaction of $150,000.00. Following the transaction, the chief executive officer now owns 120,000 shares in the company, valued at $150,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 172,800 shares of company stock valued at $216,000 and have sold 205,417 shares valued at $261,872. 54.32% of the stock is currently owned by company insiders.

374Water Stock Performance

SCWO stock opened at $0.63 on Thursday. The company has a market capitalization of $84.19 million, a PE ratio of -7.90 and a beta of -0.43. The company’s 50-day simple moving average is $0.91 and its 200 day simple moving average is $1.17. 374Water Inc. has a 52 week low of $0.54 and a 52 week high of $1.99.

374Water 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.