Insider Buying: NetSol Technologies (NASDAQ:NTWK) CEO Purchases 5,000 Shares of Stock

NetSol Technologies Inc. (NASDAQ:NTWK) CEO Najeeb Ghauri purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of $4.02 per share, with a total value of $20,100.00. Following the transaction, the chief executive officer directly owned 983,999 shares of the company’s stock, valued at approximately $3,955,675.98. This represents a 0.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NetSol Technologies Price Performance

NASDAQ:NTWK traded up $0.04 during mid-day trading on Wednesday, hitting $4.04. The company’s stock had a trading volume of 21,428 shares, compared to its average volume of 36,613. NetSol Technologies Inc. has a fifty-two week low of $2.66 and a fifty-two week high of $5.75. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $47.94 million, a price-to-earnings ratio of 26.90 and a beta of 0.81. The stock has a fifty day moving average of $3.62 and a 200-day moving average of $3.37.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results on Thursday, May 14th. The software maker reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $19.83 million during the quarter, compared to analyst estimates of $15.10 million. NetSol Technologies had a net margin of 2.49% and a return on equity of 4.24%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of NetSol Technologies from a “sell (d)” rating to a “hold (c)” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Institutional Trading of NetSol Technologies

Hedge funds have recently modified their holdings of the stock. Hillsdale Investment Management Inc. acquired a new stake in NetSol Technologies in the third quarter worth $37,000. Thompson Davis & CO. Inc. acquired a new stake in NetSol Technologies in the third quarter worth $54,000. XTX Topco Ltd acquired a new stake in NetSol Technologies in the fourth quarter worth $58,000. IFP Advisors Inc raised its holdings in NetSol Technologies by 33,588.0% in the third quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock worth $80,000 after purchasing an additional 16,794 shares during the period. Finally, Jane Street Group LLC acquired a new stake in NetSol Technologies in the fourth quarter worth $82,000. 16.02% of the stock is owned by institutional investors.

About NetSol Technologies

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.