Insider Selling: NET Power Inc. (NYSE:NPWR) Major Shareholder Sells 320,371 Shares of Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 320,371 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $12.60, for a total transaction of $4,036,674.60. Following the completion of the sale, the insider now directly owns 940,049 shares in the company, valued at $11,844,617.40. This represents a 25.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

8 Rivers Capital, Llc also recently made the following trade(s):

• On Wednesday, October 16th, 8 Rivers Capital, Llc sold 517,618 shares of NET Power stock. The shares were sold at an average price of $7.12, for a total transaction of $3,685,440.16.
• On Monday, October 7th, 8 Rivers Capital, Llc sold 8,871 shares of NET Power stock. The shares were sold at an average price of $7.01, for a total value of $62,185.71.
• On Thursday, October 3rd, 8 Rivers Capital, Llc sold 10,433 shares of NET Power stock. The shares were sold at an average price of $7.00, for a total value of $73,031.00.
• 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 value 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 shares were 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 stock was sold at an average price of $7.02, for a total value of $562,456.44.

NET Power Stock Up 1.9 %

NYSE NPWR traded up $0.24 during trading hours on Friday, reaching $12.79. The company’s stock had a trading volume of 645,204 shares, compared to its average volume of 407,393. NET Power Inc. has a 1 year low of $6.57 and a 1 year high of $14.28. The firm’s 50-day moving average price is $8.56 and its 200-day moving average price is $9.18.

NET Power (NYSE:NPWR) last issued its earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.17. During the same quarter in the prior year, the business posted ($0.44) EPS. Research analysts predict that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on NPWR. US Capital Advisors raised shares of NET Power to a “strong-buy” rating in a report on Monday, October 28th. Citigroup decreased their target price on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Finally, Barclays reduced their price objective on shares of 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.

Institutional Trading of NET Power

A number of large investors have recently made changes to their positions in NPWR. Vanguard Group Inc. raised its stake in shares of 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 in the last quarter. Encompass Capital Advisors LLC bought a new stake in NET Power during the 2nd quarter valued at $20,537,000. Geode Capital Management LLC lifted its holdings in shares of NET Power by 21.7% in the 3rd quarter. Geode Capital Management LLC now owns 646,584 shares of the company’s stock worth $4,535,000 after buying an additional 115,189 shares during the period. Marshall Wace LLP grew its position in shares of NET Power by 226.9% during the 2nd quarter. Marshall Wace LLP now owns 583,688 shares of the company’s stock worth $5,738,000 after buying an additional 405,128 shares in the last quarter. Finally, Khrom Capital Management LLC increased its stake in shares of NET Power by 9.6% during the second quarter. Khrom Capital Management LLC now owns 440,596 shares of the company’s stock valued at $4,331,000 after buying an additional 38,500 shares during the period. 53.62% of the stock is currently 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.