NET Power Inc. (NYSE:NPWR) Major Shareholder 8 Rivers Capital, Llc Sells 10,433 Shares

NET Power Inc. (NYSE:NPWRGet Free Report) major shareholder 8 Rivers Capital, Llc sold 10,433 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $7.00, for a total transaction of $73,031.00. Following the completion of the sale, the insider now owns 14,290 shares in the company, valued at $100,030. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% 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, October 7th, 8 Rivers Capital, Llc sold 8,871 shares of NET Power stock. The stock was sold at an average price of $7.01, for a total transaction of $62,185.71.
  • On Monday, September 30th, 8 Rivers Capital, Llc sold 46,585 shares of NET Power stock. The shares were sold at an average price of $7.07, for a total transaction of $329,355.95.
  • On Monday, September 23rd, 8 Rivers Capital, Llc sold 1,764 shares of NET Power stock. The stock was 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 stock was sold at an average price of $7.00, for a total value 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 transaction of $562,456.44.

NET Power Price Performance

Shares of NET Power stock opened at $6.84 on Wednesday. The business has a 50-day moving average price of $7.80 and a 200 day moving average price of $9.46. NET Power Inc. has a fifty-two week low of $6.57 and a fifty-two week high of $15.25.

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

Institutional Investors Weigh In On NET Power

A number of institutional investors have recently added to or reduced their stakes in NPWR. Greenlight Capital Inc. boosted its stake in NET Power by 5.5% in the 4th quarter. Greenlight Capital Inc. now owns 2,992,110 shares of the company’s stock worth $30,220,000 after purchasing an additional 155,000 shares during the period. Vanguard Group Inc. increased its position in NET Power by 65.1% during the first quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock valued at $27,617,000 after acquiring an additional 956,134 shares during the last quarter. Encompass Capital Advisors LLC purchased a new stake in NET Power in the second quarter worth about $20,537,000. Marshall Wace LLP grew its position in shares of NET Power by 226.9% during the second quarter. Marshall Wace LLP now owns 583,688 shares of the company’s stock worth $5,738,000 after purchasing an additional 405,128 shares in the last quarter. Finally, Khrom Capital Management LLC lifted its stake in shares of NET Power by 9.6% in the 2nd quarter. Khrom Capital Management LLC now owns 440,596 shares of the company’s stock valued at $4,331,000 after purchasing an additional 38,500 shares during the last quarter. 53.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NPWR has been the subject of several research analyst reports. Citigroup reduced their price objective on NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Barclays decreased their price objective on NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th.

Read Our Latest Research Report on NET Power

NET Power Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for NET Power (NYSE:NPWR)

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