NET Power Inc. (NYSE:NPWR) Major Shareholder Sells $456,167.20 in Stock

NET Power Inc. (NYSE:NPWR) 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.

NET Power (NYSE:NPWR) last announced its earnings results on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $0.24 million during the quarter. As a group, equities research analysts predict that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

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.

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.