NetSol Technologies, Inc. (NASDAQ:NTWK) Director Sells $22,193.71 in Stock

Posted by Trevor Kearing on Jun 28th, 2024

NetSol Technologies, Inc. (NASDAQ:NTWK – Get Free Report) Director Michael Richard Francis sold 8,569 shares of NetSol Technologies stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $2.59, for a total value of $22,193.71. Following the completion of the transaction, the director now owns 9,559 shares of the company’s stock, valued at approximately $24,757.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NetSol Technologies Stock Up 0.4 %

Shares of NetSol Technologies stock opened at $2.56 on Friday. NetSol Technologies, Inc. has a 52 week low of $1.72 and a 52 week high of $3.05. The stock’s fifty day moving average is $2.61 and its two-hundred day moving average is $2.55.

NetSol Technologies (NASDAQ:NTWK – Get Free Report) last posted its quarterly earnings results on Monday, May 20th. The software maker reported $0.03 EPS for the quarter. The company had revenue of $15.47 million for the quarter. NetSol Technologies had a negative net margin of 7.33% and a negative return on equity of 11.38%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of NetSol Technologies in a research note on Thursday. They set a “buy” rating for the company.

Check Out Our Latest Stock Analysis on NetSol Technologies

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. increased its position in NetSol Technologies, Inc. (NASDAQ:NTWK – Free Report) by 62.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the quarter. Perritt Capital Management Inc. owned approximately 0.18% of NetSol Technologies worth $57,000 as of its most recent SEC filing. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

NetSol Technologies Company Profile

(Get Free Report)

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.