Najeeb Ghauri Buys 6,000 Shares of NetSol Technologies (NASDAQ:NTWK) Stock

NetSol Technologies Inc. (NASDAQ:NTWK) CEO Najeeb Ghauri purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were purchased at an average cost of $3.25 per share, for a total transaction of $19,500.00. Following the purchase, the chief executive officer directly owned 937,002 shares in the company, valued at $3,045,256.50. This trade represents a 0.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

NetSol Technologies Price Performance

Shares of NASDAQ NTWK opened at $3.31 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.01. NetSol Technologies Inc. has a fifty-two week low of $2.14 and a fifty-two week high of $5.75. The business has a 50 day moving average price of $3.15 and a two-hundred day moving average price of $3.74. The firm has a market cap of $39.12 million, a PE ratio of 20.69 and a beta of 0.87.

Institutional Trading of NetSol Technologies

Several institutional investors have recently modified their holdings of the company. Evernest Financial Advisors LLC bought a new position in NetSol Technologies during the fourth quarter valued at about $419,000. Geode Capital Management LLC lifted its holdings in NetSol Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock valued at $349,000 after acquiring an additional 3,890 shares during the last quarter. Mink Brook Asset Management LLC bought a new position in shares of NetSol Technologies during the 4th quarter valued at about $331,000. Rothschild Wealth LLC bought a new position in shares of NetSol Technologies during the 4th quarter valued at about $303,000. Finally, Bridgeway Capital Management LLC grew its stake in shares of NetSol Technologies by 10.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 65,027 shares of the software maker’s stock worth $197,000 after purchasing an additional 6,051 shares during the last quarter. Institutional investors and hedge funds own 16.02% of the company’s stock.

Wall Street Analysts Forecast Growth

NTWK has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of NetSol Technologies in a research report on Monday, December 29th. Wall Street Zen lowered NetSol Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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.