NET Power Inc. (NYSE:NPWR) Major Shareholder Sells $526,581.00 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 66,825 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $7.88, for a total transaction of $526,581.00. Following the transaction, the insider now owns 189,329 shares of the company’s stock, valued at approximately $1,491,912.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 Stock Performance

Shares of NET Power stock traded down $0.10 during mid-day trading on Friday, hitting $7.84. The stock had a trading volume of 464,005 shares, compared to its average volume of 344,265. The firm has a 50-day moving average of $8.90 and a two-hundred day moving average of $9.73. NET Power Inc. has a 12-month low of $7.55 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 during the quarter. On average, analysts expect that NET Power Inc. will post -0.21 EPS for the current year.

Institutional Trading of NET Power

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pekin Hardy Strauss Inc. boosted its stake in shares of NET Power by 5.4% in the second quarter. Pekin Hardy Strauss Inc. now owns 29,365 shares of the company’s stock valued at $289,000 after purchasing an additional 1,500 shares during the period. ELCO Management Co. LLC lifted its holdings in NET Power by 13.4% during the 2nd quarter. ELCO Management Co. LLC now owns 20,924 shares of the company’s stock worth $206,000 after buying an additional 2,474 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in NET Power in the 4th quarter valued at approximately $31,000. Palo Duro Investment Partners LP increased its position in shares of NET Power by 4.3% during the fourth quarter. Palo Duro Investment Partners LP now owns 139,417 shares of the company’s stock worth $1,408,000 after acquiring an additional 5,803 shares during the period. Finally, Williams Jones Wealth Management LLC. purchased a new position in NET Power in the first quarter valued at $128,000. 53.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Barclays decreased their price objective on NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th.

NET Power Company Profile

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.