Hapag-Lloyd shares plunge after profit slide and narrowed full-year forecast
Yaacov Nagar, a ten percent owner of 374Water Inc (NASDAQ:SCWO), sold a total of 217,099 shares of common stock in two separate transactions, according to a Form 4 filing with the Securities and Exchange Commission. The sales come as the stock, currently trading at $0.39, shows significant volatility with a recent 19% weekly decline, though InvestingPro analysis suggests the company may be undervalued.
On October 16, 2025, Nagar sold 85,419 shares of 374Water Inc. at a weighted average price of $0.5126, realizing approximately $43,786. The prices for these shares ranged from $0.5108 to $0.5140. Following this transaction, Nagar directly owns 33,109,038 shares of the company. Despite recent volatility, InvestingPro data shows the stock has gained over 65% in the past six months, with 18 additional key insights available to subscribers.
The following day, October 17, 2025, Nagar sold an additional 131,680 shares at a weighted average price of $0.4230, for about $55,700. These shares were sold in a range of $0.4200 to $0.4383. After this transaction, Nagar directly owns 32,977,358 shares of 374Water Inc, representing a significant portion of the company’s $63 million market capitalization. Get comprehensive insights and detailed valuation analysis in the Pro Research Report, available exclusively on InvestingPro.
In other recent news, 374Water Inc. reported a notable rise in revenue for Q2 2025, reaching $600,000, a significant jump from $37,000 in the previous year, primarily due to increased demonstration services and treatability studies. Despite this revenue growth, the company experienced a larger-than-expected net loss of $4.6 million, compared to a $2.9 million loss in Q2 2024. In leadership changes, Stephen J. Jones was appointed as interim President and CEO, replacing Chris Gannon, as the company focuses on the commercialization of its supercritical water oxidation technology. Additionally, Jim Siccardi was named Senior Vice President of Investor Relations, bringing over two decades of experience to the role. The company also announced the successful destruction of toxic PFAS in landfill leachate using its AirSCWO system, achieving over 99.99% destruction of the compounds. In a show of confidence, several insiders, including board members and senior management, have recently purchased shares of the company’s stock. These developments underscore 374Water’s ongoing efforts in technology commercialization and organizational restructuring.
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