NET Power Inc. (NYSE:NPWR) Major Shareholder Npeh, Llc Sells 122,591 Shares

NET Power Inc. (NYSE:NPWR) major shareholder Npeh, Llc sold 122,591 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $6.95, for a total transaction of $852,007.45. Following the sale, the insider now directly owns 837,487 shares of the company’s stock, valued at approximately $5,820,534.65. This trade represents a 0.00 % 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.

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

• On Friday, October 11th, Npeh, Llc sold 120,500 shares of NET Power stock. The stock was sold at an average price of $6.92, for a total value of $833,860.00.
• On Monday, September 16th, Npeh, Llc sold 36,752 shares of NET Power stock. The shares were sold at an average price of $7.05, for a total value of $259,101.60.
• On Friday, September 13th, Npeh, Llc sold 1,340 shares of NET Power stock. The stock was sold at an average price of $7.26, for a total value of $9,728.40.
• On Wednesday, September 11th, Npeh, Llc sold 21,155 shares of NET Power stock. The shares were sold at an average price of $7.28, for a total value of $154,008.40.
• On Monday, September 9th, Npeh, Llc sold 60,022 shares of NET Power stock. The stock was 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 shares were 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 shares were sold at an average price of $8.10, for a total transaction of $674,932.50.

NET Power Price Performance

NPWR opened at $6.91 on Friday. NET Power Inc. has a fifty-two week low of $6.57 and a fifty-two week high of $14.98. The company’s 50 day moving average price is $7.69 and its two-hundred day moving average price is $9.42.

NET Power (NYSE:NPWR) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $0.24 million for the quarter. Equities research analysts predict that NET Power Inc. will post -0.4 EPS for the current year.

Institutional Investors Weigh In On NET Power

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Berylson Capital Partners LLC bought a new position in shares of NET Power during the fourth quarter worth about $1,303,000. Greenlight Capital Inc. raised its holdings in NET Power by 5.5% during the 4th quarter. Greenlight Capital Inc. now owns 2,992,110 shares of the company’s stock worth $30,220,000 after purchasing an additional 155,000 shares during the last quarter. Palo Duro Investment Partners LP raised its holdings 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 purchasing an additional 5,803 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of NET Power by 32.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 63,821 shares of the company’s stock worth $727,000 after purchasing an additional 15,778 shares during the period. Finally, Williams Jones Wealth Management LLC. bought a new stake in shares of NET Power in the 1st quarter valued at $128,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

Wall Street Analyst Weigh In

NPWR has been the subject of several research analyst reports. Citigroup lowered their price target on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Barclays dropped their target price 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.

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.