NET Power Inc. (NYSE:NPWR) Major Shareholder Sells $259,101.60 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 36,752 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.05, for a total transaction of $259,101.60. Following the completion of the sale, the insider now directly owns 67,445 shares of the company’s stock, valued at $475,487.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, September 13th, Npeh, Llc sold 1,340 shares of NET Power stock. The stock was sold at an average price of $7.26, for a total transaction of $9,728.40.
• On Wednesday, September 11th, Npeh, Llc sold 21,155 shares of NET Power stock. The stock was sold at an average price of $7.28, for a total transaction of $154,008.40.
• On Monday, September 9th, Npeh, Llc sold 60,022 shares of NET Power stock. The stock was sold at an average price of $7.60, for a total transaction of $456,167.20.
• On Friday, September 6th, Npeh, Llc sold 66,825 shares of NET Power stock. The stock was sold at an average price of $7.88, for a total transaction of $526,581.00.
• 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

NPWR stock traded down $0.18 during trading on Monday, hitting $7.01. 296,423 shares of the company’s stock traded hands, compared to its average volume of 347,395. NET Power Inc. has a 52 week low of $6.57 and a 52 week high of $17.62. The business has a fifty day simple moving average of $8.60 and a 200 day simple moving average of $9.71.

NET Power (NYSE:NPWR) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.06) EPS for the quarter. The business had revenue of $0.24 million for the quarter. Analysts anticipate that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NPWR shares. Barclays dropped their target price on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th. Citigroup lowered their price objective on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday.

Hedge Funds Weigh In On NET Power

Institutional investors have recently bought and sold shares of the business. Swiss National Bank bought a new stake in shares of NET Power in the 4th quarter worth about $275,000. Jump Financial LLC bought a new stake in shares of NET Power in the 4th quarter worth about $197,000. Neuberger Berman Group LLC bought a new stake in shares of NET Power in the 4th quarter worth about $163,000. Berylson Capital Partners LLC bought a new stake in shares of NET Power in the 4th quarter worth about $1,303,000. Finally, Greenlight Capital Inc. lifted its holdings in shares of NET Power by 5.5% in the 4th quarter. Greenlight Capital Inc. now owns 2,992,110 shares of the company’s stock worth $30,220,000 after acquiring an additional 155,000 shares during the last quarter. Institutional investors own 53.62% of the company’s stock.

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.