8 Rivers Capital, Llc Sells 7,585 Shares of NET Power (NYSE:NPWR) Stock

NET Power Inc. (NYSE:NPWRGet Free Report) major shareholder 8 Rivers Capital, Llc sold 7,585 shares of the business’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $3.77, for a total transaction of $28,595.45. Following the completion of the sale, the insider owned 2,759,832 shares in the company, valued at $10,404,566.64. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Thursday, October 30th, 8 Rivers Capital, Llc sold 107,754 shares of NET Power stock. The stock was sold at an average price of $4.04, for a total transaction of $435,326.16.
  • On Wednesday, October 29th, 8 Rivers Capital, Llc sold 786,832 shares of NET Power stock. The shares were sold at an average price of $4.12, for a total transaction of $3,241,747.84.
  • On Monday, October 27th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The shares were sold at an average price of $3.77, for a total transaction of $754,000.00.
  • On Friday, October 24th, 8 Rivers Capital, Llc sold 32,583 shares of NET Power stock. The shares were sold at an average price of $3.70, for a total transaction of $120,557.10.
  • On Thursday, October 23rd, 8 Rivers Capital, Llc sold 284,100 shares of NET Power stock. The shares were sold at an average price of $3.69, for a total transaction of $1,048,329.00.
  • On Wednesday, October 22nd, 8 Rivers Capital, Llc sold 89,000 shares of NET Power stock. The shares were sold at an average price of $3.31, for a total transaction of $294,590.00.
  • On Tuesday, October 21st, 8 Rivers Capital, Llc sold 189,300 shares of NET Power stock. The shares were sold at an average price of $3.53, for a total transaction of $668,229.00.
  • On Monday, October 20th, 8 Rivers Capital, Llc sold 201,000 shares of NET Power stock. The shares were sold at an average price of $3.58, for a total transaction of $719,580.00.
  • On Thursday, October 16th, 8 Rivers Capital, Llc sold 13,959 shares of NET Power stock. The shares were sold at an average price of $4.71, for a total transaction of $65,746.89.
  • On Wednesday, October 15th, 8 Rivers Capital, Llc sold 222,641 shares of NET Power stock. The shares were sold at an average price of $4.86, for a total transaction of $1,082,035.26.

NET Power Trading Down 3.9%

NYSE:NPWR opened at $3.82 on Friday. The firm has a market cap of $836.32 million, a price-to-earnings ratio of -1.62 and a beta of 0.75. The company’s 50-day moving average is $3.09 and its two-hundred day moving average is $2.62. NET Power Inc. has a 12-month low of $1.48 and a 12-month high of $14.28.

NET Power (NYSE:NPWRGet Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.24). On average, equities research analysts forecast that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NET Power in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $4.00.

Read Our Latest Report on NET Power

Institutional Trading of NET Power

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CenterBook Partners LP grew its position in NET Power by 1,655.5% in the first quarter. CenterBook Partners LP now owns 1,744,770 shares of the company’s stock valued at $4,589,000 after acquiring an additional 1,645,380 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of NET Power by 481.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 2,440,000 shares of the company’s stock worth $6,417,000 after buying an additional 2,020,000 shares during the last quarter. HITE Hedge Asset Management LLC boosted its holdings in NET Power by 80.6% in the first quarter. HITE Hedge Asset Management LLC now owns 743,238 shares of the company’s stock worth $1,955,000 after purchasing an additional 331,726 shares during the period. Deutsche Bank AG boosted its holdings in NET Power by 63.0% in the first quarter. Deutsche Bank AG now owns 14,051 shares of the company’s stock worth $37,000 after purchasing an additional 5,429 shares during the period. Finally, Quantbot Technologies LP acquired a new position in NET Power in the first quarter worth $221,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

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.

See Also

Insider Buying and Selling by Quarter for NET Power (NYSE:NPWR)

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