Najeeb Ghauri Acquires 5,950 Shares of NetSol Technologies (NASDAQ:NTWK) Stock

NetSol Technologies Inc. (NASDAQ:NTWK) CEO Najeeb Ghauri acquired 5,950 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were acquired at an average price of $2.98 per share, for a total transaction of $17,731.00. Following the acquisition, the chief executive officer directly owned 931,002 shares of the company’s stock, valued at approximately $2,774,385.96. The trade was a 0.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, November 14th, Najeeb Ghauri bought 1,714 shares of NetSol Technologies stock. The stock was acquired at an average price of $2.90 per share, with a total value of $4,970.60.

NetSol Technologies Trading Up 1.7%

Shares of NASDAQ:NTWK opened at $2.91 on Wednesday. The firm has a market cap of $34.30 million, a price-to-earnings ratio of 11.64 and a beta of 1.05. The stock’s 50-day moving average price is $4.39 and its two-hundred day moving average price is $3.78. NetSol Technologies Inc. has a 12-month low of $2.14 and a 12-month high of $5.75.

Institutional Investors Weigh In On NetSol Technologies

Several institutional investors have recently bought and sold shares of the business. Bridgeway Capital Management LLC raised its stake in shares of NetSol Technologies by 9.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 58,976 shares of the software maker’s stock valued at $280,000 after acquiring an additional 5,268 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in NetSol Technologies in the 3rd quarter valued at $37,000. Thompson Davis & CO. Inc. purchased a new position in NetSol Technologies in the third quarter valued at about $54,000. Global Retirement Partners LLC acquired a new position in shares of NetSol Technologies during the third quarter worth about $41,000. Finally, PFG Investments LLC purchased a new stake in shares of NetSol Technologies in the second quarter worth about $78,000. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on NTWK. Wall Street Zen lowered shares of NetSol Technologies from a “strong-buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “hold (c-)” rating on shares of NetSol Technologies in a report on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

About NetSol Technologies

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.