Insider Selling: NET Power Inc. (NYSE:NPWR) Major Shareholder Sells $259,101.60 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 36,752 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.05, for a total value of $259,101.60. Following the completion of the sale, the insider now owns 67,445 shares in the company, valued at approximately $475,487.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 value 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 value 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 value of $456,167.20.
• 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.
• On Wednesday, September 4th, Npeh, Llc sold 83,325 shares of NET Power stock. The stock was sold at an average price of $8.10, for a total value of $674,932.50.

NET Power Price Performance

NPWR opened at $6.72 on Thursday. NET Power Inc. has a 12-month low of $6.57 and a 12-month high of $16.34. The business’s fifty day simple moving average is $8.51 and its 200-day simple moving average is $9.69.

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

Institutional Investors Weigh In On NET Power

Institutional investors have recently added to or reduced their stakes in the stock. Williams Jones Wealth Management LLC. bought a new stake in NET Power during the first quarter valued at about $128,000. XTX Topco Ltd bought a new stake in NET Power during the second quarter valued at about $133,000. B. Riley Wealth Advisors Inc. purchased a new stake in NET Power in the second quarter valued at about $136,000. K2 Principal Fund L.P. purchased a new stake in NET Power in the first quarter valued at about $148,000. Finally, Neuberger Berman Group LLC purchased a new stake in NET Power in the fourth quarter valued at about $163,000. Institutional investors own 53.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NPWR shares. Barclays dropped their price target on NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Citigroup dropped their price target 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.

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.