Insider Selling: NET Power Inc. (NYSE:NPWR) Major Shareholder Sells $852,007.45 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 122,591 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $6.95, for a total transaction of $852,007.45. Following the transaction, the insider now directly owns 837,487 shares in the company, valued at approximately $5,820,534.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, October 11th, Npeh, Llc sold 120,500 shares of NET Power stock. The shares were sold at an average price of $6.92, for a total transaction of $833,860.00.
• On Monday, September 16th, Npeh, Llc sold 36,752 shares of NET Power stock. The stock was sold at an average price of $7.05, for a total transaction of $259,101.60.
• 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 shares were sold at an average price of $7.60, for a total value of $456,167.20.
• On Friday, September 6th, Npeh, Llc sold 66,825 shares of NET Power stock. The shares were 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 stock was sold at an average price of $8.10, for a total value of $674,932.50.

NET Power Stock Performance

NYSE NPWR opened at $6.90 on Monday. NET Power Inc. has a fifty-two week low of $6.57 and a fifty-two week high of $14.98. The business has a 50 day moving average price of $7.65 and a two-hundred day moving average price of $9.38.

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

Hedge Funds Weigh In On NET Power

A number of institutional investors have recently made changes to their positions in NPWR. Williams Jones Wealth Management LLC. acquired a new position in shares of NET Power in the 1st quarter valued at approximately $128,000. XTX Topco Ltd acquired a new stake in shares of NET Power during the 2nd quarter valued at approximately $133,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of NET Power during the 2nd quarter valued at approximately $136,000. K2 Principal Fund L.P. bought a new position in NET Power during the 1st quarter worth $148,000. Finally, ELCO Management Co. LLC grew its stake in NET Power by 13.4% during the 2nd quarter. ELCO Management Co. LLC now owns 20,924 shares of the company’s stock worth $206,000 after buying an additional 2,474 shares during the last quarter. 53.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on NPWR shares. Barclays cut their price objective on 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 cut their target price 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, September 12th.

NET Power Company Profile

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.