Najeeb Ghauri Acquires 10,000 Shares of NetSol Technologies Inc. (NTWK) Stock
NetSol Technologies Inc. (NASDAQ:NTWK) CEO Najeeb Ghauri bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average cost of $3.50 per share, for a total transaction of $35,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Najeeb Ghauri also recently made the following trade(s):
- On Monday, November 20th, Najeeb Ghauri bought 7,000 shares of NetSol Technologies stock. The stock was bought at an average cost of $3.75 per share, for a total transaction of $26,250.00.
Shares of NetSol Technologies Inc. (NTWK) opened at $4.05 on Wednesday. NetSol Technologies Inc. has a 12-month low of $3.09 and a 12-month high of $5.80.
NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Wednesday, September 27th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.26). NetSol Technologies had a negative return on equity of 4.82% and a negative net margin of 6.01%. The company had revenue of $14.48 million during the quarter.
A hedge fund recently raised its stake in NetSol Technologies stock. Municipal Employees Retirement System of Michigan increased its stake in NetSol Technologies Inc. (NASDAQ:NTWK) by 25.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,250 shares of the software maker’s stock after acquiring an additional 15,380 shares during the period. Municipal Employees Retirement System of Michigan owned approximately 0.69% of NetSol Technologies worth $301,000 as of its most recent SEC filing. Institutional investors own 20.81% of the company’s stock.
Separately, TheStreet cut shares of NetSol Technologies from a “c-” rating to a “d” rating in a research report on Thursday, September 28th.
About NetSol Technologies
NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company is engaged in the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand names, NetSol Financial Suite (NFS) and NFS Ascent, for businesses in the lease and finance industry.
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