NET Power Inc. (NYSE:NPWR) Major Shareholder Sells $25,100,000.00 in Stock

NET Power Inc. (NYSE:NPWRGet Free Report) major shareholder Sk Inc. sold 2,500,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $10.04, for a total value of $25,100,000.00. Following the transaction, the insider now directly owns 2,500,000 shares in the company, valued at approximately $25,100,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

NET Power Trading Down 0.9 %

Shares of NPWR opened at $10.49 on Friday. The stock has a fifty day moving average of $10.87 and a two-hundred day moving average of $9.90. NET Power Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $17.62.

Institutional Trading of NET Power

Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NET Power in the 4th quarter valued at $31,000. Williams Jones Wealth Management LLC. acquired a new stake in NET Power in the 1st quarter valued at $128,000. Bank of New York Mellon Corp acquired a new stake in NET Power in the 3rd quarter valued at $184,000. K2 Principal Fund L.P. acquired a new stake in NET Power in the 1st quarter valued at $148,000. Finally, Clough Capital Partners L P acquired a new stake in NET Power in the 3rd quarter valued at $213,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Barclays initiated coverage on shares of NET Power in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $13.00 price objective for the company.

Get Our Latest Stock Report on NET Power

NET Power Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for NET Power (NYSE:NPWR)

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