13,489 Shares in NET Power Inc. (NYSE:NPWR) Acquired by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in shares of NET Power Inc. (NYSE:NPWR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,489 shares of the company’s stock, valued at approximately $133,000.

Other hedge funds have also bought and sold shares of the company. Williams Jones Wealth Management LLC. purchased a new stake in shares of NET Power during the first quarter valued at $128,000. K2 Principal Fund L.P. purchased a new stake in NET Power during the 1st quarter valued at about $148,000. Neuberger Berman Group LLC purchased a new stake in NET Power during the 4th quarter valued at about $163,000. Summit Securities Group LLC acquired a new position in shares of NET Power in the second quarter valued at about $268,000. Finally, Swiss National Bank purchased a new position in shares of NET Power in the fourth quarter worth about $275,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

NET Power Price Performance

Shares of NPWR stock opened at $7.01 on Tuesday. NET Power Inc. has a 52-week low of $6.57 and a 52-week high of $15.60. The business has a 50-day simple moving average of $8.16 and a 200-day simple moving average of $9.61.

NET Power (NYSE:NPWR) last announced its quarterly 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 expect that NET Power Inc. will post -0.4 EPS for the current year.

Analyst Upgrades and Downgrades

NPWR has been the topic of a number of recent research reports. Citigroup dropped 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. Barclays cut their price objective on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th.

Insider Activity at NET Power

In related news, major shareholder Npeh, Llc sold 83,325 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $8.10, for a total transaction of $674,932.50. Following the sale, the insider now owns 416,675 shares in the company, valued at $3,375,067.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other NET Power news, major shareholder Npeh, Llc sold 83,325 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $8.10, for a total value of $674,932.50. Following the sale, the insider now directly owns 416,675 shares of the company’s stock, valued at $3,375,067.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder 8 Rivers Capital, Llc sold 26,926 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $7.00, for a total value of $188,482.00. Following the completion of the sale, the insider now owns 73,074 shares of the company’s stock, valued at $511,518. The disclosure for this sale can be found here. Insiders sold a total of 378,231 shares of company stock worth $2,843,806 in the last three months. Company insiders own 2.71% of the company’s stock.

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.