Najeeb Ghauri Acquires 8,300 Shares of NetSol Technologies, Inc. (NASDAQ:NTWK) Stock

Najeeb Ghauri Acquires 8,300 Shares of NetSol Technologies, Inc. (NASDAQ:NTWK) Stock


NetSol Technologies, Inc. (NASDAQ:NTWK) CEO Najeeb Ghauri acquired 8,300 shares of the business’s stock in a transaction on Friday, December 11th. The shares were bought at an average cost of $3.77 per share, with a total value of $31,291.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, November 24th, Najeeb Ghauri bought 10,000 shares of NetSol Technologies stock. The shares were bought at an average price of $2.98 per share, for a total transaction of $29,800.00.
  • On Thursday, November 19th, Najeeb Ghauri bought 8,000 shares of NetSol Technologies stock. The shares were bought at an average price of $2.98 per share, for a total transaction of $23,840.00.

Shares of NASDAQ NTWK opened at $3.98 on Wednesday. The company’s 50 day simple moving average is $3.01 and its 200 day simple moving average is $2.96. NetSol Technologies, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $4.50. The firm has a market capitalization of $46.33 million, a P/E ratio of 13.27 and a beta of 0.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.67 and a quick ratio of 2.67.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Monday, November 16th. The software maker reported $0.06 earnings per share for the quarter. NetSol Technologies had a net margin of 6.28% and a return on equity of 2.54%. The business had revenue of $12.65 million for the quarter.

A number of hedge funds and other institutional investors have recently made changes to their positions in NTWK. Marshall Wace LLP lifted its holdings in NetSol Technologies by 692.5% in the first quarter. Marshall Wace LLP now owns 50,340 shares of the software maker’s stock valued at $328,000 after buying an additional 43,988 shares during the period. Perritt Capital Management Inc. increased its stake in NetSol Technologies by 60.0% in the second quarter. Perritt Capital Management Inc. now owns 32,000 shares of the software maker’s stock valued at $86,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in NetSol Technologies by 7.5% in the third quarter. Acadian Asset Management LLC now owns 55,029 shares of the software maker’s stock valued at $161,000 after purchasing an additional 3,856 shares in the last quarter. Institutional investors and hedge funds own 28.39% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of NetSol Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, September 9th.

NetSol Technologies Company Profile

NetSol Technologies, Inc designs, develops, markets, and exports software products 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. Its NFS Ascent constituent applications include Omni Point of Sale, a web-based application; Contract Management System (CMS), an application for managing and maintaining credit contracts; Wholesale Finance System (WFS), a system for automating and managing the lifecycle of wholesale finance; Dealer Auditor Access System, a web-based solution that could be used in conjunction with WFS or any third-party wholesale finance system; NFS Ascent On The Cloud, a cloud-version of NFS Ascent; and NFS Digital solutions covering Self Point of Sale, Mobile Account, Mobile Point of Sale, Mobile Dealer, Mobile Auditor, Mobile Collector, and Mobile Field Investigator.

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