NET Power Inc. (NYSE:NPWR – Get 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.
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
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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