Najeeb Ghauri Purchases 5,000 Shares of NetSol Technologies Inc. (NTWK) Stock

NetSol Technologies Inc. (NASDAQ:NTWK) CEO Najeeb Ghauri purchased 5,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was bought at an average cost of $4.42 per share, for a total transaction of $22,100.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • On Monday, November 27th, Najeeb Ghauri purchased 4,950 shares of NetSol Technologies stock. The stock was bought at an average cost of $4.22 per share, for a total transaction of $20,889.00.
  • On Monday, November 20th, Najeeb Ghauri purchased 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.
  • On Friday, November 17th, Najeeb Ghauri acquired 10,000 shares of NetSol Technologies stock. The shares were purchased at an average price of $3.50 per share, for a total transaction of $35,000.00.

NetSol Technologies Inc. (NASDAQ NTWK) opened at $4.50 on Wednesday. NetSol Technologies Inc. has a 52-week low of $3.09 and a 52-week high of $5.60.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings data on Wednesday, September 27th. The software maker reported ($0.28) earnings per share for the quarter, missing the 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 firm had revenue of $14.48 million for the quarter.

An institutional investor recently raised its position in NetSol Technologies stock. Municipal Employees Retirement System of Michigan boosted its position in shares of NetSol Technologies Inc. (NASDAQ:NTWK) by 25.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,250 shares of the software maker’s stock after purchasing an additional 15,380 shares during the period. Municipal Employees Retirement System of Michigan owned 0.69% of NetSol Technologies worth $301,000 at the end of the most recent reporting period. 19.20% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the stock. TheStreet cut shares of NetSol Technologies from a “c-” rating to a “d” rating in a research report on Thursday, September 28th. ValuEngine upgraded shares of NetSol Technologies from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.

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NetSol Technologies Company Profile

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.

Insider Buying and Selling by Quarter for NetSol Technologies (NASDAQ:NTWK)

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