NET Power Inc. (NYSE:NPWR) Major Shareholder Sells $4,036,674.60 in Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 320,371 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $12.60, for a total transaction of $4,036,674.60. Following the sale, the insider now directly owns 940,049 shares of the company’s stock, valued at approximately $11,844,617.40. This trade represents a 25.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 stock was 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 stock was 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 transaction of $329,355.95.
• On Monday, September 23rd, 8 Rivers Capital, Llc sold 1,764 shares of NET Power stock. The shares were sold at an average price of $7.00, for a total value 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 shares were sold at an average price of $7.02, for a total transaction of $562,456.44.

NET Power Trading Up 1.5 %

NET Power stock traded up $0.19 during trading on Thursday, hitting $12.75. 734,764 shares of the company were exchanged, compared to its average volume of 406,334. The business’s 50 day moving average is $8.45 and its 200 day moving average is $9.15. NET Power Inc. has a 52 week low of $6.57 and a 52 week high of $14.28.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in NET Power by 65.1% in the first quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock valued at $27,617,000 after purchasing an additional 956,134 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in NET Power in the 2nd quarter valued at about $20,537,000. SIR Capital Management L.P. bought a new position in NET Power during the second quarter worth about $971,000. S&CO Inc. raised its position in shares of NET Power by 25.3% in the third quarter. S&CO Inc. now owns 251,905 shares of the company’s stock valued at $1,765,000 after purchasing an additional 50,805 shares during the period. Finally, Thomist Capital Management LP bought a new position in NET Power in the 2nd quarter worth approximately $1,073,000. Institutional investors own 53.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NPWR shares. Barclays decreased 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 report on Wednesday, August 14th. US Capital Advisors raised shares of NET Power to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Citigroup cut their price objective 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, September 12th.

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.