NET Power Inc. (NYSE:NPWR) Major Shareholder Npeh, Llc Sells 66,825 Shares of Stock

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 66,825 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $7.88, for a total value of $526,581.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 shares were sold at an average price of $8.10, for a total value of $674,932.50.

NET Power Stock Performance

Shares of NYSE NPWR opened at $7.84 on Friday. NET Power Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $17.62. The company’s 50 day simple moving average is $8.86 and its 200 day simple moving average is $9.73.

NET Power (NYSE:NPWR) last issued 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. On average, research analysts anticipate that NET Power Inc. will post -0.21 EPS for the current year.

Hedge Funds Weigh In On NET Power

Hedge funds have recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. raised its holdings in NET Power by 5.4% in the second quarter. Pekin Hardy Strauss Inc. now owns 29,365 shares of the company’s stock worth $289,000 after purchasing an additional 1,500 shares during the period. ELCO Management Co. LLC increased its position in shares of NET Power by 13.4% in the 2nd quarter. ELCO Management Co. LLC now owns 20,924 shares of the company’s stock valued at $206,000 after buying an additional 2,474 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of NET Power in the 4th quarter valued at $31,000. Palo Duro Investment Partners LP raised its stake in NET Power by 4.3% during the 4th quarter. Palo Duro Investment Partners LP now owns 139,417 shares of the company’s stock worth $1,408,000 after buying an additional 5,803 shares during the period. Finally, Williams Jones Wealth Management LLC. bought a new position in NET Power during the first quarter worth about $128,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays dropped their price objective on NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company 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.