NET Power (NYSE:NPWR) Shares Down 7.3% – Time to Sell?

NET Power Inc. (NYSE:NPWR) shares fell 7.3% on Monday . The stock traded as low as $11.58 and last traded at $11.87. 247,840 shares were traded during mid-day trading, a decline of 41% from the average session volume of 416,773 shares. The stock had previously closed at $12.81.

Analyst Ratings Changes

NPWR has been the topic of a number of research reports. Citigroup lowered their price objective on NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. US Capital Advisors upgraded shares of NET Power to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Barclays reduced their price objective on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th.

NET Power Trading Down 2.7 %

The stock has a 50-day moving average price of $9.46 and a 200-day moving average price of $9.23.

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

Insider Buying and Selling

In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 431,009 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $12.76, for a total transaction of $5,499,674.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Npeh, Llc sold 120,500 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $6.92, for a total transaction of $833,860.00. Following the completion of the transaction, the insider now owns 716,987 shares in the company, valued at $4,961,550.04. The trade was a 14.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,022,884 shares of company stock worth $19,438,603 in the last 90 days. 2.71% of the stock is owned by company insiders.

Institutional Trading of NET Power

A number of institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in NET Power in the third quarter valued at $82,000. MetLife Investment Management LLC boosted its stake 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 valued at $91,000 after purchasing an additional 7,281 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of NET Power during the second quarter valued at about $133,000. B. Riley Wealth Advisors Inc. bought a new position in NET Power in the second quarter worth about $136,000. Finally, Quest Partners LLC purchased a new stake in NET Power in the third quarter worth about $153,000. 53.62% of the stock is currently owned by hedge funds and other institutional investors.

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.