Najeeb Ghauri Acquires 5,000 Shares of NetSol Technologies (NASDAQ:NTWK) Stock

NetSol Technologies Inc. (NASDAQ:NTWK) CEO Najeeb Ghauri bought 5,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $4.02 per share, for a total transaction of $20,100.00. Following the purchase, the chief executive officer owned 983,999 shares of the company’s stock, valued at approximately $3,955,675.98. The trade was a 0.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NetSol Technologies Trading Up 0.9%

Shares of NTWK traded up $0.04 during mid-day trading on Wednesday, reaching $4.04. 21,428 shares of the company’s stock traded hands, compared to its average volume of 36,613. The stock has a market cap of $47.94 million, a P/E ratio of 26.90 and a beta of 0.81. The stock’s 50-day moving average is $3.62 and its two-hundred day moving average is $3.37. NetSol Technologies Inc. has a 12 month low of $2.66 and a 12 month high of $5.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Thursday, May 14th. The software maker reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $19.83 million for the quarter, compared to analysts’ expectations of $15.10 million. NetSol Technologies had a return on equity of 4.24% and a net margin of 2.49%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NTWK. Bridgeway Capital Management LLC raised 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 valued at $167,000 after buying an additional 4,816 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new position in NetSol Technologies in the third quarter worth about $54,000. Hillsdale Investment Management Inc. acquired a new position in NetSol Technologies in the third quarter worth about $37,000. IFP Advisors Inc raised its position 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 in the last quarter. Finally, Geode Capital Management LLC raised its position 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 worth $349,000 after purchasing an additional 3,890 shares in the last quarter. Institutional investors and hedge funds own 16.02% of the company’s stock.

Wall Street Analyst Weigh In

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

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.