JPMorgan Chase & Co. Has $169,000 Stock Holdings in 374Water Inc. (NASDAQ:SCWO)

JPMorgan Chase & Co. raised its stake in 374Water Inc. (NASDAQ:SCWO) by 324.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 124,580 shares of the company’s stock after buying an additional 95,249 shares during the period. JPMorgan Chase & Co.’s holdings in 374Water were worth $169,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of 374Water during the 3rd quarter valued at $30,000. Barclays PLC raised its position in 374Water by 299.1% in the third quarter. Barclays PLC now owns 94,506 shares of the company’s stock valued at $128,000 after purchasing an additional 70,828 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of 374Water by 11.3% during the third quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock valued at $2,118,000 after purchasing an additional 158,482 shares in the last quarter. Icon Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 20,000 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of 374Water by 10.6% during the third quarter. D.A. Davidson & CO. now owns 432,535 shares of the company’s stock worth $588,000 after purchasing an additional 41,620 shares during the last quarter. Institutional investors own 12.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of 374Water in a report on Saturday, January 18th.

Insider Activity at 374Water

In related news, major shareholder Yaacov Nagar sold 30,662 shares of 374Water stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $1.54, for a total value of $47,219.48. Following the transaction, the insider now directly owns 37,163,258 shares of the company’s stock, valued at $57,231,417.32. The trade was a 0.08 % 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 374Water stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $1.25 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 120,000 shares of the company’s stock, valued at $150,000. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 172,800 shares of company stock worth $216,000 and sold 242,638 shares worth $233,237. 54.32% of the stock is currently owned by company insiders.

374Water Stock Performance

SCWO stock opened at $0.52 on Friday. 374Water Inc. has a 52-week low of $0.48 and a 52-week high of $1.99. The company has a market capitalization of $68.61 million, a P/E ratio of -6.44 and a beta of -0.43. The company has a fifty day moving average price of $0.74 and a 200-day moving average price of $1.12.

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.