NetSol Technologies Inc. (NASDAQ:NTWK – Get Free Report) CEO Najeeb Ghauri purchased 5,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of $4.02 per share, for a total transaction of $20,100.00. Following the completion of the acquisition, the chief executive officer owned 983,999 shares of the company’s stock, valued at $3,955,675.98. The trade was a 0.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
NetSol Technologies Stock Performance
NASDAQ NTWK opened at $4.05 on Thursday. The firm has a market capitalization of $48.11 million, a P/E ratio of 27.00 and a beta of 0.81. The stock has a 50-day simple moving average of $3.63 and a two-hundred day simple moving average of $3.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 1.94. NetSol Technologies Inc. has a fifty-two week low of $2.66 and a fifty-two week high of $5.75.
NetSol Technologies (NASDAQ:NTWK – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The software maker reported $0.11 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $15.10 million.
Wall Street Analyst Weigh In
View Our Latest Research Report on NTWK
Institutional Trading of NetSol Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. acquired a new position in shares of NetSol Technologies during the 3rd quarter valued at about $37,000. Thompson Davis & CO. Inc. purchased a new position in NetSol Technologies in the third quarter valued at $54,000. XTX Topco Ltd purchased a new position in NetSol Technologies in the fourth quarter valued at $58,000. IFP Advisors Inc increased its holdings in NetSol Technologies by 33,588.0% during the 3rd quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock worth $80,000 after purchasing an additional 16,794 shares during the period. Finally, Jane Street Group LLC acquired a new stake in NetSol Technologies in the 4th quarter valued at about $82,000. 16.02% of the stock is owned by institutional investors and hedge funds.
NetSol Technologies Company Profile
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.
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