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

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

NetSol Technologies Price Performance

NASDAQ NTWK opened at $4.11 on Friday. The business has a 50 day simple moving average of $3.64 and a 200 day simple moving average of $3.37. NetSol Technologies Inc. has a 52-week low of $2.66 and a 52-week high of $5.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a market cap of $48.83 million, a price-to-earnings ratio of 27.40 and a beta of 0.81.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of NetSol Technologies in a research note on Tuesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, NetSol Technologies has a consensus rating of “Hold”.

Hedge Funds Weigh In On NetSol Technologies

Several hedge funds have recently made changes to their positions in the business. Evernest Financial Advisors LLC bought a new position in shares of NetSol Technologies during the 4th quarter worth approximately $419,000. Geode Capital Management LLC grew its stake in shares of NetSol Technologies by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock worth $349,000 after acquiring an additional 3,890 shares in the last quarter. Mink Brook Asset Management LLC bought a new position in shares of NetSol Technologies during the 4th quarter worth approximately $331,000. Rothschild Wealth LLC bought a new position in shares of NetSol Technologies during the 4th quarter worth approximately $303,000. Finally, Empowered Funds LLC grew its stake in shares of NetSol Technologies by 9.0% during the 1st quarter. Empowered Funds LLC now owns 68,151 shares of the software maker’s stock worth $231,000 after acquiring an additional 5,624 shares in the last quarter. 16.02% of the stock is owned by institutional investors.

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.