NET Power Inc. (NYSE:NPWR) Major Shareholder Sells $674,932.50 in Stock

NET Power Inc. (NYSE:NPWR) 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 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 transaction was disclosed in a document filed with the SEC, 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.

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

• On Friday, September 6th, Npeh, Llc sold 66,825 shares of NET Power stock. The stock was sold at an average price of $7.88, for a total value of $526,581.00.

NET Power Trading Down 1.3 %

Shares of NYSE:NPWR traded down $0.10 during trading on Friday, hitting $7.84. 464,005 shares of the company’s stock traded hands, compared to its average volume of 344,265. The company has a 50-day moving average price of $8.90 and a 200-day moving average price of $9.73. NET Power Inc. has a 52 week low of $7.55 and a 52 week high of $17.62.

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 business had revenue of $0.24 million for the quarter. Sell-side analysts expect that NET Power Inc. will post -0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays lowered 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 research report on Wednesday, August 14th.

Institutional Investors Weigh In On NET Power

Several institutional investors have recently added to or reduced their stakes in NPWR. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in NET Power during the fourth quarter worth $31,000. Williams Jones Wealth Management LLC. bought a new stake in shares of NET Power in the 1st quarter valued at about $128,000. XTX Topco Ltd acquired a new stake in shares of NET Power in the second quarter valued at approximately $133,000. B. Riley Wealth Advisors Inc. acquired a new stake in NET Power during the 2nd quarter valued at $136,000. Finally, K2 Principal Fund L.P. acquired a new stake in shares of NET Power during the 1st quarter worth about $148,000. 53.62% of the stock is owned by 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.