Insider Selling: NET Power Inc. (NYSE:NPWR) Major Shareholder Sells 46,585 Shares of Stock

NET Power Inc. (NYSE:NPWR) major shareholder 8 Rivers Capital, Llc sold 46,585 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $7.07, for a total value of $329,355.95. Following the completion of the transaction, the insider now directly owns 24,723 shares of the company’s stock, valued at $174,791.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

8 Rivers Capital, Llc also recently made the following trade(s):

• On Monday, September 23rd, 8 Rivers Capital, Llc sold 1,764 shares of NET Power stock. The stock was sold at an average price of $7.00, for a total transaction 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 transaction 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 0.7 %

Shares of NYSE:NPWR opened at $6.99 on Friday. NET Power Inc. has a 1-year low of $6.57 and a 1-year high of $15.38. The firm has a fifty day moving average price of $7.89 and a 200 day moving average price of $9.52.

NET Power (NYSE:NPWR) last released its quarterly 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 during the quarter. On average, research analysts forecast that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Barclays reduced their target price 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. Citigroup reduced their price objective on NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th.

Institutional Inflows and Outflows

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

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.