D.A. Davidson & CO. Grows Stock Position in 374Water Inc. (NASDAQ:SCWO)

D.A. Davidson & CO. increased its holdings in 374Water Inc. (NASDAQ:SCWO) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 432,535 shares of the company’s stock after buying an additional 41,620 shares during the quarter. D.A. Davidson & CO.’s holdings in 374Water were worth $588,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of 374Water during the 3rd quarter worth $30,000. Privium Fund Management B.V. purchased a new stake in 374Water in the 2nd quarter worth approximately $33,000. Compass Ion Advisors LLC raised its stake in 374Water by 26.4% during the 3rd 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 period. Sigma Planning Corp lifted its holdings in 374Water by 7.1% during the third quarter. Sigma Planning Corp now owns 135,193 shares of the company’s stock valued at $184,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted 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 worth $678,000 after purchasing an additional 83,198 shares during the period. 12.16% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Chris M. Gannon bought 120,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $1.25 per share, with a total value of $150,000.00. Following the completion of the purchase, the chief executive officer now owns 120,000 shares of the company’s stock, valued at approximately $150,000. The trade was a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Marc Deshusses acquired 32,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $1.25 per share, with a total value of $40,000.00. Following the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 172,800 shares of company stock worth $216,000 and have sold 135,847 shares worth $214,564. Company insiders own 54.32% of the company’s stock.

374Water Stock Performance

NASDAQ:SCWO opened at $0.98 on Tuesday. The stock has a 50-day moving average price of $1.40 and a 200 day moving average price of $1.27. 374Water Inc. has a 12-month low of $0.83 and a 12-month high of $2.09. The stock has a market capitalization of $130.78 million, a P/E ratio of -12.28 and a beta of -0.36.

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.