NET Power Inc. (NYSE:NPWR – Get Free Report) major shareholder 8 Rivers Capital, Llc sold 18,116 shares of NET Power stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $4.05, for a total value of $73,369.80. Following the sale, the insider directly owned 1,847,130 shares of the company’s stock, valued at approximately $7,480,876.50. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
8 Rivers Capital, Llc also recently made the following trade(s):
- 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 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.
- 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 value 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 value 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 stock was sold at an average price of $3.70, for a total value 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 value of $1,048,329.00.
- On Wednesday, October 22nd, 8 Rivers Capital, Llc sold 89,000 shares of NET Power stock. The stock was 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 stock was 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 stock was sold at an average price of $3.58, for a total transaction of $719,580.00.
NET Power Stock Down 8.8%
NET Power stock traded down $0.35 during midday trading on Tuesday, hitting $3.57. 1,761,693 shares of the stock were exchanged, compared to its average volume of 2,728,695. NET Power Inc. has a 52-week low of $1.48 and a 52-week high of $14.28. The business’s 50-day moving average price is $3.14 and its 200-day moving average price is $2.65. The stock has a market capitalization of $781.52 million, a price-to-earnings ratio of -1.51 and a beta of 0.78.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NET Power in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $4.00.
Read Our Latest Report on NPWR
Institutional Trading of NET Power
Several institutional investors and hedge funds have recently modified their holdings of NPWR. Adage Capital Partners GP L.L.C. raised its stake in NET Power by 16.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 2,840,000 shares of the company’s stock valued at $7,015,000 after purchasing an additional 400,000 shares in the last quarter. CenterBook Partners LP raised its stake 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 purchasing an additional 1,645,380 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NET Power by 21.4% during the 2nd quarter. Geode Capital Management LLC now owns 841,060 shares of the company’s stock valued at $2,078,000 after buying an additional 148,307 shares in the last quarter. HITE Hedge Asset Management LLC raised its position in shares of NET Power by 80.6% during the 1st quarter. HITE Hedge Asset Management LLC now owns 743,238 shares of the company’s stock valued at $1,955,000 after buying an additional 331,726 shares in the last quarter. Finally, Caption Management LLC raised its position in shares of NET Power by 619.8% during the 2nd quarter. Caption Management LLC now owns 401,899 shares of the company’s stock valued at $993,000 after buying an additional 346,068 shares in the last quarter. Hedge funds and other institutional investors own 53.62% of the company’s stock.
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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