Insider Selling: NET Power Inc. (NYSE:NPWR) Major Shareholder Sells 36,752 Shares of Stock

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 36,752 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 67,445 shares in the company, valued at approximately $475,487.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 transaction 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 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 transaction 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 transaction 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 transaction of $674,932.50.

NET Power Trading Down 2.5 %

NYSE NPWR traded down $0.18 during trading on Monday, reaching $7.01. 296,423 shares of the company’s stock traded hands, compared to its average volume of 347,395. The company’s 50 day simple moving average is $8.60 and its two-hundred day simple moving average 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 posted its earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter. The business had revenue of $0.24 million for the quarter. Equities analysts forecast that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NPWR. Swiss National Bank purchased a new position in shares of NET Power in the 4th quarter worth approximately $275,000. Jump Financial LLC purchased a new position in shares of NET Power in the 4th quarter worth approximately $197,000. Neuberger Berman Group LLC purchased a new position in shares of NET Power in the 4th quarter worth approximately $163,000. Berylson Capital Partners LLC purchased a new position in shares of NET Power in the 4th quarter worth approximately $1,303,000. Finally, Greenlight Capital Inc. grew its position in shares of 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 buying an additional 155,000 shares during the last quarter. Hedge funds and other institutional investors own 53.62% of the company’s stock.

Wall Street Analysts Forecast Growth

NPWR has been the topic of a number of research reports. Barclays cut their target price on shares of 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 cut 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 report on Thursday.

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.