NetSol Technologies Inc. (NASDAQ:NTWK - Get Free Report) CEO Najeeb Ghauri bought 6,000 shares of the business's stock in a transaction on Wednesday, February 18th. The shares were acquired at an average price of $3.25 per share, with a total value of $19,500.00. Following the transaction, the chief executive officer directly owned 937,002 shares of the company's stock, valued at approximately $3,045,256.50. This trade represents a 0.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NetSol Technologies Stock Performance
NASDAQ NTWK opened at $3.35 on Thursday. The firm has a market cap of $39.60 million, a P/E ratio of 20.94 and a beta of 0.87. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.01. The company's 50 day moving average is $3.15 and its 200-day moving average is $3.74. NetSol Technologies Inc. has a 12-month low of $2.14 and a 12-month high of $5.75.
Hedge Funds Weigh In On NetSol Technologies
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its position in shares of NetSol Technologies by 10.7% during the 4th quarter. Empowered Funds LLC now owns 62,527 shares of the software maker's stock valued at $189,000 after acquiring an additional 6,051 shares during the last quarter. XTX Topco Ltd bought a new stake in NetSol Technologies during the fourth quarter valued at approximately $58,000. Bridgeway Capital Management LLC grew its stake in 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 buying an additional 6,051 shares in the last quarter. Rothschild Wealth LLC purchased a new stake in shares of NetSol Technologies during the 4th quarter valued at $303,000. Finally, Evernest Financial Advisors LLC bought a new stake in shares of NetSol Technologies during the 4th quarter worth $419,000. 16.02% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
NTWK has been the subject of several recent research reports. Wall Street Zen cut NetSol Technologies from a "strong-buy" rating to a "hold" rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of NetSol Technologies in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Sell".
View Our Latest Analysis on NetSol Technologies
About NetSol Technologies
(
Get Free Report)
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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