NET Power Inc. (NYSE:NPWR – Get Free Report) major shareholder Npeh, Llc sold 60,022 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $7.60, for a total value of $456,167.20. Following the transaction, the insider now owns 129,307 shares of the company’s stock, valued at $982,733.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major 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 11th, Npeh, Llc sold 21,155 shares of NET Power stock. The shares were sold at an average price of $7.28, for a total value of $154,008.40.
- 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 value of $526,581.00.
- On Wednesday, September 4th, Npeh, Llc sold 83,325 shares of NET Power stock. The shares were sold at an average price of $8.10, for a total transaction of $674,932.50.
NET Power Price Performance
NPWR opened at $7.19 on Friday. The stock’s fifty day moving average is $8.64 and its 200-day moving average is $9.70. NET Power Inc. has a one year low of $6.57 and a one year high of $17.62.
Wall Street Analyst Weigh In
NPWR has been the subject of a number of recent analyst reports. Barclays decreased 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 reduced their price target on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday.
Read Our Latest Research Report on NPWR
Hedge Funds Weigh In On NET Power
Several hedge funds have recently made changes to their positions in the business. Williams Jones Wealth Management LLC. bought a new stake in NET Power during the first quarter worth approximately $128,000. XTX Topco Ltd bought a new stake in shares of NET Power during the 2nd quarter worth $133,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of NET Power during the 2nd quarter worth $136,000. K2 Principal Fund L.P. acquired a new position in shares of NET Power in the 1st quarter worth $148,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of NET Power during the fourth quarter worth $163,000. Institutional investors and hedge funds 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.
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