Insider Selling: NET Power Inc. (NYSE:NPWR) Major Shareholder Sells 46,585 Shares of Stock

NET Power Inc. (NYSE:NPWRGet Free Report) major shareholder 8 Rivers Capital, Llc sold 46,585 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $7.07, for a total value of $329,355.95. Following the completion of the sale, the insider now directly owns 24,723 shares in the company, valued at $174,791.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

8 Rivers Capital, Llc also recently made the following trade(s):

  • On Monday, September 23rd, 8 Rivers Capital, Llc sold 1,764 shares of NET Power stock. The shares were sold at an average price of $7.00, for a total value of $12,348.00.
  • On Friday, September 20th, 8 Rivers Capital, Llc sold 26,926 shares of NET Power stock. The stock was sold at an average price of $7.00, for a total value of $188,482.00.
  • On Wednesday, September 18th, 8 Rivers Capital, Llc sold 80,122 shares of NET Power stock. The stock was sold at an average price of $7.02, for a total transaction of $562,456.44.

NET Power Stock Up 3.1 %

Shares of NPWR stock opened at $6.94 on Friday. NET Power Inc. has a one year low of $6.57 and a one year high of $15.38. The stock has a fifty day moving average price of $7.94 and a 200 day moving average price of $9.54.

NET Power (NYSE:NPWRGet Free Report) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $0.24 million for the quarter. On average, research analysts forecast that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays reduced their price target on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Citigroup decreased their target price on NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th.

Get Our Latest Research Report on NET Power

Institutional Trading of NET Power

Large investors have recently added to or reduced their stakes in the company. Williams Jones Wealth Management LLC. acquired a new position in NET Power in the first quarter worth $128,000. K2 Principal Fund L.P. acquired a new stake in shares of NET Power in the first quarter valued at $148,000. XTX Topco Ltd bought a new position in shares of NET Power in the second quarter valued at about $133,000. B. Riley Wealth Advisors Inc. acquired a new position in NET Power during the 2nd quarter worth about $136,000. Finally, Neuberger Berman Group LLC bought a new stake in NET Power during the 4th quarter worth about $163,000. 53.62% of the stock is owned by institutional investors.

About NET Power

(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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