NET Power Inc. (NYSE:NPWR) Major Shareholder Sells $526,581.00 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 66,825 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $7.88, for a total transaction of $526,581.00. Following the transaction, the insider now owns 189,329 shares of the company’s stock, valued at approximately $1,491,912.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Npeh, Llc also recently made the following trade(s):

• On Wednesday, September 4th, Npeh, Llc sold 83,325 shares of NET Power stock. The stock was sold at an average price of $8.10, for a total transaction of $674,932.50.

NET Power Price Performance

Shares of NYSE NPWR traded down $0.10 during midday trading on Friday, hitting $7.84. 464,005 shares of the company’s stock were exchanged, compared to its average volume of 344,265. The firm’s fifty day simple moving average is $8.90 and its 200-day simple moving average is $9.73. NET Power Inc. has a twelve month low of $7.55 and a twelve month high of $17.62.

NET Power (NYSE:NPWR) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter. The business had revenue of $0.24 million for the quarter. As a group, equities research analysts forecast that NET Power Inc. will post -0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On NET Power

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Encompass Capital Advisors LLC acquired a new position in NET Power during the second quarter worth approximately $20,537,000. Vanguard Group Inc. increased its holdings in shares of NET Power by 65.1% in the 1st quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock valued at $27,617,000 after acquiring an additional 956,134 shares during the period. Marshall Wace LLP increased its holdings in shares of NET Power by 226.9% in the 2nd quarter. Marshall Wace LLP now owns 583,688 shares of the company’s stock valued at $5,738,000 after acquiring an additional 405,128 shares during the period. Greenlight Capital Inc. raised its position in NET Power by 5.5% in the 4th quarter. Greenlight Capital Inc. now owns 2,992,110 shares of the company’s stock valued at $30,220,000 after purchasing an additional 155,000 shares during the last quarter. Finally, Berylson Capital Partners LLC acquired a new stake in NET Power during the 4th quarter worth $1,303,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays dropped their target price on NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th.

About NET Power

NET Power Inc operates as a clean energy technology company. The company invents, develops, and licenses clean power generation technology. NET Power Inc was founded in 2010 and is headquartered in Durham, North Carolina.