NET Power Inc. (NYSE:NPWR - Get Free Report) major shareholder Npeh, Llc sold 120,500 shares of NET Power stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $6.92, for a total value of $833,860.00. Following the transaction, the insider now owns 716,987 shares of the company's stock, valued at approximately $4,961,550.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 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, October 9th, Npeh, Llc sold 122,591 shares of NET Power stock. The shares were sold at an average price of $6.95, for a total transaction of $852,007.45.
- On Monday, September 16th, Npeh, Llc sold 36,752 shares of NET Power stock. The stock was sold at an average price of $7.05, for a total transaction of $259,101.60.
- On Friday, September 13th, Npeh, Llc sold 1,340 shares of NET Power stock. The shares were sold at an average price of $7.26, for a total transaction of $9,728.40.
- On Wednesday, September 11th, Npeh, Llc sold 21,155 shares of NET Power stock. The stock was sold at an average price of $7.28, for a total transaction 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 value 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 value 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 value of $674,932.50.
NET Power Stock Performance
Election rigged? We caught them red-handed…
From Banyan Hill Publishing | Ad
What happens if NOBODY will be elected the next President of the United States on Nov. 5?
Not Donald Trump. And not Kamala Harris.
The end result could be a 50% drop in the stock market.
You need to be ready.
Go here now for a FREE video about this surprising election forecast.
NYSE NPWR opened at $6.91 on Friday. NET Power Inc. has a 1-year low of $6.57 and a 1-year high of $14.98. The stock's 50 day simple moving average is $7.69 and its 200-day simple moving average is $9.42.
NET Power (NYSE:NPWR - Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $0.24 million during the quarter. As a group, sell-side analysts forecast that NET Power Inc. will post -0.4 EPS for the current year.
Hedge Funds Weigh In On NET Power
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in NET Power by 65.1% in the 1st quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company's stock worth $27,617,000 after purchasing an additional 956,134 shares in the last quarter. SIR Capital Management L.P. acquired a new stake in shares of NET Power in the second quarter valued at approximately $971,000. Encompass Capital Advisors LLC purchased a new position in NET Power during the second quarter worth approximately $20,537,000. Berylson Capital Partners LLC acquired a new position in NET Power during the fourth quarter worth $1,303,000. Finally, Greenlight Capital Inc. grew its holdings in NET Power by 5.5% in the 4th quarter. Greenlight Capital Inc. now owns 2,992,110 shares of the company's stock valued at $30,220,000 after buying an additional 155,000 shares in the last quarter. 53.62% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. Citigroup dropped their price target on shares of NET Power from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. Barclays cut their target price on shares of NET Power from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 14th.
Check Out Our Latest Research Report on NPWR
About NET Power
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
