Insider Buying: NetSol Technologies Inc. (NTWK) CEO Acquires 10,000 Shares of Stock
NetSol Technologies Inc. (NASDAQ:NTWK) CEO Najeeb Ghauri bought 10,000 shares of NetSol Technologies stock in a transaction dated Friday, November 17th. The stock was acquired at an average cost of $3.50 per share, for a total transaction of $35,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of NetSol Technologies Inc. (NTWK) traded up $0.20 during midday trading on Monday, hitting $3.50. 76,200 shares of the stock traded hands, compared to its average volume of 29,460. NetSol Technologies Inc. has a one year low of $3.09 and a one year high of $5.85.
NetSol Technologies (NASDAQ:NTWK) last issued its earnings results on Wednesday, September 27th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.26). The business had revenue of $14.48 million during 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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Separately, TheStreet lowered shares of NetSol Technologies from a “c-” rating to a “d” rating in a research note on Thursday, September 28th.
A hedge fund recently raised its stake in NetSol Technologies stock. Municipal Employees Retirement System of Michigan grew its holdings in NetSol Technologies Inc. (NASDAQ:NTWK) by 25.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 reporting period. Institutional investors own 20.81% of the company’s stock.
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.
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