NET Power Inc. (NYSE:NPWR - Get Free Report) CFO Akash S. Patel sold 7,359 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $2.29, for a total transaction of $16,852.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NET Power Stock Up 2.4 %
Shares of NYSE:NPWR traded up $0.06 during midday trading on Friday, reaching $2.39. The company's stock had a trading volume of 546,780 shares, compared to its average volume of 632,430. The firm has a 50 day moving average of $4.95 and a 200-day moving average of $8.03. The firm has a market capitalization of $519.04 million, a P/E ratio of -3.56 and a beta of 0.47. NET Power Inc. has a 12-month low of $1.97 and a 12-month high of $14.28.
Institutional Trading of NET Power
Several hedge funds and other institutional investors have recently made changes to their positions in NPWR. LPL Financial LLC raised its holdings in NET Power by 15.0% in the 4th quarter. LPL Financial LLC now owns 14,036 shares of the company's stock worth $149,000 after acquiring an additional 1,832 shares during the last quarter. Nebula Research & Development LLC raised its stake in shares of NET Power by 26.0% in the fourth quarter. Nebula Research & Development LLC now owns 19,107 shares of the company's stock worth $202,000 after purchasing an additional 3,945 shares during the last quarter. Covestor Ltd bought a new position in shares of NET Power during the fourth quarter valued at $43,000. Barclays PLC boosted its position in shares of NET Power by 16.0% during the fourth quarter. Barclays PLC now owns 32,351 shares of the company's stock valued at $342,000 after buying an additional 4,468 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in NET Power by 29.5% in the 4th quarter. Wells Fargo & Company MN now owns 28,146 shares of the company's stock worth $298,000 after buying an additional 6,415 shares in the last quarter. Hedge funds and other institutional investors own 53.62% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Barclays dropped their price target on NET Power from $11.00 to $3.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Citigroup raised shares of NET Power from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th.
Read Our Latest Research Report on NPWR
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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