NetSol Technologies (NASDAQ:NTWK) CEO Najeeb Ghauri Buys 6,000 Shares

NetSol Technologies Inc. (NASDAQ:NTWK) CEO Najeeb Ghauri bought 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were bought at an average price of $3.25 per share, for a total transaction of $19,500.00. Following the transaction, the chief executive officer directly owned 937,002 shares in the company, valued at $3,045,256.50. This trade represents a 0.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

NetSol Technologies Trading Up 2.1%

NTWK opened at $3.35 on Thursday. NetSol Technologies Inc. has a 1-year low of $2.14 and a 1-year high of $5.75. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.01. The company has a market cap of $39.60 million, a P/E ratio of 20.94 and a beta of 0.87. The company has a fifty day moving average price of $3.15 and a two-hundred day moving average price of $3.74.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wall Street Zen cut shares of NetSol Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of NetSol Technologies in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, NetSol Technologies currently has a consensus rating of “Sell”.

Institutional Trading of NetSol Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in NetSol Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock valued at $349,000 after acquiring an additional 3,890 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of NetSol Technologies by 9.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock worth $167,000 after purchasing an additional 4,816 shares during the period. Empowered Funds LLC lifted its stake in NetSol Technologies by 10.7% in the fourth quarter. Empowered Funds LLC now owns 62,527 shares of the software maker’s stock valued at $189,000 after purchasing an additional 6,051 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in NetSol Technologies during the third quarter valued at $37,000. Finally, Global Retirement Partners LLC purchased a new stake in NetSol Technologies in the third quarter worth $41,000. Hedge funds and other institutional investors own 16.02% of the company’s stock.

NetSol Technologies Company Profile

NetSol Technologies, Inc is a publicly traded enterprise software provider specializing in asset finance and leasing solutions. Headquartered in Calabasas, California, the company was founded in 1997 by Najeeb Ghauri, who continues to serve as its chief executive officer. NetSol has built a reputation for delivering end-to-end digital solutions tailored to the finance, leasing, and rental industries, enabling clients to streamline operations, improve customer engagement, and accelerate business growth.

The company’s flagship offering, NFS Ascent, is a configurable, modular platform that supports the entire contract lifecycle—from origination and credit approval through servicing and end-of-term processing.