NET Power (NYSE:NPWR) Stock Price Down 2.4% - Time to Sell?

NET Power Inc. (NYSE:NPWR - Get Free Report)'s stock price was down 2.4% during mid-day trading on Tuesday . The company traded as low as $10.72 and last traded at $10.90. Approximately 95,039 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 434,317 shares. The stock had previously closed at $11.17.

Wall Street Analyst Weigh In

NPWR has been the subject of several recent analyst reports. Citigroup cut their target price on NET Power from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Thursday, September 12th. US Capital Advisors upgraded NET Power to a "strong-buy" rating in a research report on Monday, October 28th.

NET Power Trading Down 5.2 %

The business has a 50-day moving average of $10.69 and a two-hundred day moving average of $9.22.

NET Power (NYSE:NPWR - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.17. During the same period in the prior year, the firm earned ($0.44) EPS. On average, analysts forecast that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at NET Power

In related news, major shareholder Npeh, Llc sold 122,591 shares of NET Power stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $6.95, for a total value of $852,007.45. Following the transaction, the insider now directly owns 837,487 shares of the company's stock, valued at $5,820,534.65. The trade was a 12.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 8 Rivers Capital, Llc sold 10,433 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $7.00, for a total value of $73,031.00. Following the completion of the sale, the insider now owns 14,290 shares in the company, valued at $100,030. The trade was a 42.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,681,393 shares of company stock worth $16,940,374. 2.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NET Power

A number of institutional investors have recently modified their holdings of the company. Pekin Hardy Strauss Inc. grew its stake in NET Power by 5.4% during the second quarter. Pekin Hardy Strauss Inc. now owns 29,365 shares of the company's stock worth $289,000 after purchasing an additional 1,500 shares during the period. ELCO Management Co. LLC boosted its holdings in shares of NET Power by 13.4% during the 2nd quarter. ELCO Management Co. LLC now owns 20,924 shares of the company's stock worth $206,000 after buying an additional 2,474 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of NET Power by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 12,922 shares of the company's stock worth $91,000 after buying an additional 7,281 shares during the period. HITE Hedge Asset Management LLC increased its stake in shares of NET Power by 2.6% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 387,624 shares of the company's stock valued at $2,717,000 after acquiring an additional 9,987 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of NET Power in the 3rd quarter valued at $82,000. 53.62% of the stock is owned by institutional investors.

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.