NetSol Technologies (NASDAQ:NTWK) CEO Najeeb Ghauri Buys 5,950 Shares

NetSol Technologies Inc. (NASDAQ:NTWK) CEO Najeeb Ghauri acquired 5,950 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was acquired at an average cost of $2.98 per share, with a total value of $17,731.00. Following the transaction, the chief executive officer directly owned 931,002 shares of the company’s stock, valued at approximately $2,774,385.96. This represents a 0.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Najeeb Ghauri also recently made the following trade(s):

• On Friday, November 14th, Najeeb Ghauri bought 1,714 shares of NetSol Technologies stock. The shares were acquired at an average price of $2.90 per share, for a total transaction of $4,970.60.

NetSol Technologies Stock Performance

NetSol Technologies stock traded down $0.10 during trading on Monday, reaching $2.87. 98,683 shares of the company’s stock were exchanged, compared to its average volume of 55,172. NetSol Technologies Inc. has a 52-week low of $2.14 and a 52-week high of $5.75. The firm has a market cap of $33.83 million, a price-to-earnings ratio of 11.48 and a beta of 1.05. The company’s 50-day moving average is $4.44 and its two-hundred day moving average is $3.77.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings data on Wednesday, November 12th. The software maker reported ($0.20) EPS for the quarter. NetSol Technologies had a return on equity of 7.40% and a net margin of 4.46%.The company had revenue of $15.01 million for the quarter.

Institutional Investors Weigh In On NetSol Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. purchased a new position in shares of NetSol Technologies during the 3rd quarter valued at approximately $37,000. Global Retirement Partners LLC acquired a new position in NetSol Technologies during the 3rd quarter worth $41,000. Thompson Davis & CO. Inc. bought a new stake in shares of NetSol Technologies in the 3rd quarter worth about $54,000. PFG Investments LLC acquired a new stake in shares of NetSol Technologies in the 2nd quarter valued at about $78,000. Finally, Bridgeway Capital Management LLC lifted its position in shares of NetSol Technologies by 9.9% during the second 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 last quarter. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NTWK. Wall Street Zen cut NetSol Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of NetSol Technologies in a research report on Tuesday, October 14th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

NetSol Technologies Company Profile

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.