NET Power Inc. (NYSE:NPWR) Major Shareholder Sells $833,860.00 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 120,500 shares of NET Power stock in a transaction on Friday, October 11th. The shares were sold at an average price of $6.92, for a total transaction of $833,860.00. Following the completion of the sale, the insider now owns 716,987 shares in the company, valued at approximately $4,961,550.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, October 9th, Npeh, Llc sold 122,591 shares of NET Power stock. The shares were sold at an average price of $6.95, for a total transaction of $852,007.45.
• 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 stock was sold at an average price of $7.60, for a total transaction 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 transaction 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

NET Power stock opened at $6.90 on Monday. NET Power Inc. has a 1 year low of $6.57 and a 1 year high of $14.98. The firm has a 50-day moving average of $7.65 and a two-hundred day moving average of $9.38.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Pekin Hardy Strauss Inc. increased its stake in NET Power by 5.4% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 29,365 shares of the company’s stock valued at $289,000 after purchasing an additional 1,500 shares in the last quarter. ELCO Management Co. LLC increased 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 valued at $206,000 after purchasing an additional 2,474 shares in the last quarter. Palo Duro Investment Partners LP increased its stake in NET Power by 4.3% during the 4th quarter. Palo Duro Investment Partners LP now owns 139,417 shares of the company’s stock valued at $1,408,000 after purchasing an additional 5,803 shares in the last quarter. Williams Jones Wealth Management LLC. acquired a new position in NET Power during the 1st quarter valued at approximately $128,000. Finally, K2 Principal Fund L.P. acquired a new position in NET Power during the 1st quarter valued at approximately $148,000. Institutional investors own 53.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NPWR shares. Citigroup cut their price target on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Barclays cut their price target on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th.

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.