NET Power Inc. (NYSE:NPWR - Get Free Report) CFO Akash S. Patel sold 7,359 shares of NET Power stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $2.29, for a total transaction of $16,852.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
NET Power Stock Up 1.6 %
NYSE NPWR opened at $2.19 on Tuesday. NET Power Inc. has a 52 week low of $2.01 and a 52 week high of $14.28. The firm has a 50 day moving average of $5.70 and a two-hundred day moving average of $8.24. The stock has a market capitalization of $475.52 million, a PE ratio of -3.26 and a beta of 0.47.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Citigroup upgraded shares of NET Power from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. Barclays cut their price target on NET Power from $11.00 to $3.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th.
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Hedge Funds Weigh In On NET Power
A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in NET Power by 13.1% during the 4th quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company's stock worth $30,345,000 after buying an additional 332,554 shares during the last quarter. Geode Capital Management LLC lifted its stake in NET Power by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 658,563 shares of the company's stock worth $6,976,000 after purchasing an additional 11,979 shares during the last quarter. Marshall Wace LLP boosted its holdings in NET Power by 9.4% in the fourth quarter. Marshall Wace LLP now owns 448,547 shares of the company's stock valued at $4,750,000 after purchasing an additional 38,627 shares in the last quarter. HITE Hedge Asset Management LLC increased its stake in NET Power by 6.2% in the fourth quarter. HITE Hedge Asset Management LLC now owns 411,512 shares of the company's stock valued at $4,358,000 after purchasing an additional 23,888 shares during the last quarter. Finally, State Street Corp raised its holdings in NET Power by 11.8% during the third quarter. State Street Corp now owns 369,281 shares of the company's stock worth $2,589,000 after purchasing an additional 38,910 shares in the last quarter. Institutional investors and hedge funds own 53.62% of the company's stock.
NET Power Company Profile
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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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