NET Power Inc. (NYSE:NPWR) Major Shareholder Npeh, Llc Sells 36,752 Shares

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 36,752 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.05, for a total transaction of $259,101.60. Following the completion of the sale, the insider now directly owns 67,445 shares of the company’s stock, valued at $475,487.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large 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 shares were sold at an average price of $7.26, for a total transaction of $9,728.40.
• On Wednesday, September 11th, Npeh, Llc sold 21,155 shares of NET Power stock. The shares were sold at an average price of $7.28, for a total transaction 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 shares were 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 shares were sold at an average price of $8.10, for a total value of $674,932.50.

NET Power Stock Performance

Shares of NPWR opened at $7.01 on Tuesday. The stock’s 50-day moving average price is $8.60 and its 200 day moving average price is $9.71. NET Power Inc. has a 12-month low of $6.57 and a 12-month high of $17.62.

NET Power (NYSE:NPWR) last issued its earnings results on Monday, August 12th. The company reported ($0.06) EPS 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 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on NPWR. Citigroup cut their price target on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Barclays cut their target price 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

A number of institutional investors have recently added to or reduced their stakes in the stock. Williams Jones Wealth Management LLC. acquired a new position in shares of NET Power in the 1st quarter worth approximately $128,000. K2 Principal Fund L.P. bought a new position in shares of NET Power during the first quarter valued at $148,000. XTX Topco Ltd bought a new position in shares of NET Power during the second quarter valued at $133,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of NET Power in the 2nd quarter valued at $136,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of NET Power in the 4th quarter worth about $163,000. 53.62% of the stock is owned by institutional investors and hedge funds.

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.