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Arq, Inc. (NASDAQ:ARQ) Chief Technology Officer Joseph M. Wong sold 3,052 shares of company stock on August 4, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $5.20, for a total transaction value of $15,870. The stock, which currently trades at $6.69, has shown significant volatility with a beta of 3.26, according to InvestingPro data.
Following the transaction, Wong directly owns 367,738 shares of Arq, Inc. common stock.
The sale was executed to cover tax withholding obligations related to the vesting of restricted stock awards.
In other recent news, Arq Inc. reported its financial results for the first quarter of 2025, showing significant growth with a revenue of $27.2 million, exceeding the forecast of $26.73 million. This marks a 25% increase compared to the previous year, highlighting the company’s improving financial performance. Arq has also completed the commissioning of its first Granular Activated Carbon production line at the Red River Plant, marking a milestone with initial sales revenue generated from this new operation.
In terms of analyst activity, Craig-Hallum initiated coverage on Arq with a Buy rating and set a price target of $10, citing the company’s transformation into an environmental technology provider. Meanwhile, Canaccord Genuity adjusted its price target for Arq from $9 to $8, maintaining a Buy rating but calling for more evidence to support their positive outlook due to project delays. The analysts at Canaccord Genuity continue to express confidence in Arq’s long-term potential, despite the need for further achievements. These developments reflect the ongoing interest and cautious optimism from the investment community regarding Arq’s future trajectory.
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