NET Power Inc. (NYSE:NPWR – Get Free Report) major shareholder 8 Rivers Capital, Llc sold 65,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $2.94, for a total transaction of $191,100.00. Following the completion of the sale, the insider directly owned 2,835,000 shares of the company’s stock, valued at $8,334,900. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
8 Rivers Capital, Llc also recently made the following trade(s):
- On Monday, December 8th, 8 Rivers Capital, Llc sold 140,000 shares of NET Power stock. The stock was sold at an average price of $2.81, for a total transaction of $393,400.00.
- On Friday, December 5th, 8 Rivers Capital, Llc sold 105,000 shares of NET Power stock. The shares were sold at an average price of $2.91, for a total value of $305,550.00.
- On Friday, November 28th, 8 Rivers Capital, Llc sold 200,000 shares of NET Power stock. The shares were sold at an average price of $2.94, for a total value of $588,000.00.
- On Friday, November 21st, 8 Rivers Capital, Llc sold 17,163 shares of NET Power stock. The stock was sold at an average price of $2.50, for a total value of $42,907.50.
- On Thursday, November 20th, 8 Rivers Capital, Llc sold 132,837 shares of NET Power stock. The stock was sold at an average price of $2.60, for a total value of $345,376.20.
- On Wednesday, November 19th, 8 Rivers Capital, Llc sold 250,000 shares of NET Power stock. The stock was sold at an average price of $2.57, for a total value of $642,500.00.
- On Monday, November 17th, 8 Rivers Capital, Llc sold 338,653 shares of NET Power stock. The shares were sold at an average price of $2.81, for a total value of $951,614.93.
- On Monday, November 3rd, 8 Rivers Capital, Llc sold 8,477 shares of NET Power stock. The shares were sold at an average price of $4.00, for a total value of $33,908.00.
- On Friday, October 31st, 8 Rivers Capital, Llc sold 18,116 shares of NET Power stock. The stock was sold at an average price of $4.05, for a total value of $73,369.80.
- On Tuesday, October 28th, 8 Rivers Capital, Llc sold 7,585 shares of NET Power stock. The stock was sold at an average price of $3.77, for a total value of $28,595.45.
NET Power Trading Down 3.3%
NPWR stock traded down $0.10 during mid-day trading on Monday, reaching $2.76. 788,773 shares of the stock traded hands, compared to its average volume of 1,444,846. NET Power Inc. has a 52-week low of $1.48 and a 52-week high of $11.83. The stock’s fifty day moving average is $3.36 and its 200-day moving average is $2.83. The company has a market cap of $612.00 million, a P/E ratio of -0.36 and a beta of 0.80.
Institutional Investors Weigh In On NET Power
Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC purchased a new position in shares of NET Power during the 2nd quarter valued at $25,000. Invesco Ltd. purchased a new stake in shares of NET Power during the second quarter worth $25,000. Sei Investments Co. acquired a new stake in NET Power during the second quarter valued at $32,000. Deutsche Bank AG grew its stake in NET Power by 63.0% in the first quarter. Deutsche Bank AG now owns 14,051 shares of the company’s stock valued at $37,000 after purchasing an additional 5,429 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in NET Power in the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 53.62% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have issued reports on NPWR. Weiss Ratings reissued a “sell (d-)” rating on shares of NET Power in a research note on Wednesday, October 8th. Barclays raised NET Power from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $2.00 to $3.00 in a research report on Friday, November 14th. Finally, Citigroup reduced their price objective on NET Power from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $3.50.
View Our Latest Research Report on NET Power
NET Power Company Profile
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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