Najeeb Ghauri Acquires 7,000 Shares of NetSol Technologies Inc. (NTWK) Stock

NetSol Technologies Inc. (NASDAQ:NTWK) CEO Najeeb Ghauri bought 7,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were bought at an average cost of $3.75 per share, for a total transaction of $26,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Friday, November 17th, Najeeb Ghauri purchased 10,000 shares of NetSol Technologies stock. The shares were acquired at an average cost of $3.50 per share, for a total transaction of $35,000.00.

NetSol Technologies Inc. (NASDAQ:NTWK) traded up $0.10 during trading hours on Thursday, reaching $4.15. The company had a trading volume of 59,800 shares, compared to its average volume of 30,154. NetSol Technologies Inc. has a 52-week low of $3.09 and a 52-week high of $5.80.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results 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). The business had revenue of $14.48 million for the quarter. NetSol Technologies had a negative net margin of 6.01% and a negative return on equity of 4.82%.

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A hedge fund recently raised its stake in NetSol Technologies stock. Municipal Employees Retirement System of Michigan raised its position in NetSol Technologies Inc. (NASDAQ:NTWK) by 25.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,250 shares of the software maker’s stock after purchasing an additional 15,380 shares during the quarter. Municipal Employees Retirement System of Michigan owned approximately 0.69% of NetSol Technologies worth $301,000 at the end of the most recent quarter. 20.81% of the stock is owned by hedge funds and other institutional investors.

Separately, TheStreet lowered 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.

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

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