NET Power Inc. (NYSE:NPWR - Get Free Report) major shareholder 8 Rivers Capital, Llc sold 517,618 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $7.12, for a total value of $3,685,440.16. Following the completion of the transaction, the insider now owns 199,369 shares of the company's stock, valued at approximately $1,419,507.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more 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, October 7th, 8 Rivers Capital, Llc sold 8,871 shares of NET Power stock. The stock was 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 shares were 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 value of $329,355.95.
- 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 value of $188,482.00.
- On Wednesday, September 18th, 8 Rivers Capital, Llc sold 80,122 shares of NET Power stock. The stock was sold at an average price of $7.02, for a total value of $562,456.44.
NET Power Price Performance
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Shares of NYSE:NPWR opened at $8.16 on Friday. The firm has a 50 day simple moving average of $7.53 and a 200 day simple moving average of $9.26. NET Power Inc. has a one year low of $6.57 and a one year high of $14.98.
NET Power (NYSE:NPWR - Get Free Report) last released 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 during the quarter. Sell-side analysts forecast that NET Power Inc. will post -0.4 EPS for the current fiscal year.
Institutional Trading of NET Power
A number of hedge funds have recently made changes to their positions in NPWR. Williams Jones Wealth Management LLC. acquired a new stake in NET Power during the 1st quarter worth approximately $128,000. XTX Topco Ltd bought a new position in NET Power during the 2nd quarter worth $133,000. B. Riley Wealth Advisors Inc. acquired a new position in NET Power during the 2nd quarter worth about $136,000. K2 Principal Fund L.P. bought a new stake in NET Power in the first quarter valued at approximately $148,000. Finally, ELCO Management Co. LLC boosted its stake 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 purchasing an additional 2,474 shares during the last quarter. 53.62% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on NPWR. Citigroup reduced their target price on NET Power from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Thursday, September 12th. Barclays dropped 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 report on Wednesday, August 14th.
Check Out Our Latest Report on NET Power
About NET Power
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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.
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