NET Power Inc. (NYSE:NPWR – Get Free Report) major shareholder 8 Rivers Capital, Llc sold 46,585 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $7.07, for a total value of $329,355.95. Following the transaction, the insider now owns 24,723 shares of the company’s stock, valued at $174,791.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 transaction of $12,348.00.
- On Friday, September 20th, 8 Rivers Capital, Llc sold 26,926 shares of NET Power stock. The shares were sold at an average price of $7.00, for a total transaction of $188,482.00.
- On Wednesday, September 18th, 8 Rivers Capital, Llc sold 80,122 shares of NET Power stock. The shares were sold at an average price of $7.02, for a total value of $562,456.44.
NET Power Stock Down 0.3 %
NET Power stock traded down $0.02 during midday trading on Wednesday, reaching $6.73. 253,072 shares of the company traded hands, compared to its average volume of 356,582. NET Power Inc. has a 12 month low of $6.57 and a 12 month high of $15.38. The business has a 50 day moving average of $8.05 and a two-hundred day moving average of $9.58.
Wall Street Analyst Weigh In
NPWR has been the subject of several recent analyst reports. Citigroup decreased their price target on NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Barclays decreased their target price 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.
Get Our Latest Research Report on NET Power
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of NPWR. Williams Jones Wealth Management LLC. purchased a new stake in shares of NET Power during the 1st quarter valued at about $128,000. XTX Topco Ltd bought a new stake in NET Power during the second quarter valued at approximately $133,000. B. Riley Wealth Advisors Inc. bought a new stake in NET Power during the second quarter valued at approximately $136,000. K2 Principal Fund L.P. purchased a new stake in NET Power during the first quarter valued at approximately $148,000. Finally, Neuberger Berman Group LLC bought a new position in NET Power in the fourth quarter worth approximately $163,000. 53.62% of the stock is owned by hedge funds and other institutional investors.
About NET Power
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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