NET Power Inc. (NYSE:NPWR) Major Shareholder Npeh, Llc Sells 21,155 Shares

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 21,155 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $7.28, for a total transaction of $154,008.40. Following the transaction, the insider now directly owns 107,852 shares in the company, valued at approximately $785,162.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Monday, September 9th, Npeh, Llc sold 60,022 shares of NET Power stock. The shares were 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 value of $674,932.50.

NET Power Trading Up 2.3 %

NPWR opened at $7.11 on Thursday. NET Power Inc. has a fifty-two week low of $6.57 and a fifty-two week high of $17.62. The firm’s fifty day moving average price is $8.73 and its two-hundred day moving average price is $9.72.

NET Power (NYSE:NPWR) last announced its 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, sell-side analysts anticipate that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Institutional Trading of NET Power

Hedge funds have recently modified their holdings of the company. Williams Jones Wealth Management LLC. acquired a new position in shares of NET Power in the 1st quarter worth approximately $128,000. XTX Topco Ltd acquired a new position in NET Power in the second quarter worth $133,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of NET Power during the second quarter worth $136,000. K2 Principal Fund L.P. bought a new stake in shares of NET Power during the first quarter worth $148,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of NET Power in the fourth quarter valued at $163,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays reduced their price objective on 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.

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.