Netsol Technologies Inc (NTWK) Files Form 4 Insider Buying : Najeeb Ghauri Buys 6,500 Shares

Netsol Technologies Inc (NTWK): Najeeb Ghauri , CEO of Netsol Technologies Inc purchased 6,500 shares on May 12, 2016. The Insider buying transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $6.40 per share for a total value of $41,600.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 24, 2016, Eugen Beckert (director) sold 1,438 shares at $7.01 per share price.On Nov 19, 2015, Najeeb Ghauri (CEO) purchased 4,200 shares at $5.57 per share price.Also, On Jun 19, 2015, Patti L W Mcglasson (General Counsel & Secretary) sold 1,000 shares at $5.45 per share price.On Jun 10, 2015, Shahid Burki (director) purchased 1,000 shares at $5.47 per share price.

Shares of NetSol Technologies (NTWK) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.32 points or -4.60% at $6.64 with 2,32,157 shares getting traded. Post opening the session at $7.27, the shares hit an intraday low of $6.18 and an intraday high of $7.4 and the price vacillated in this range throughout the day. The company has a market cap of $69 M and the number of outstanding shares has been calculated to be 1,04,58,250 shares. The 52-week high of NetSol Technologies is $9.5 and the 52-week low is $4.2.

NetSol Technologies Money Flow Index Chart

NetSol Technologies Inc. is a provider of information technology (IT) and enterprise software solutions. The Company’s primary source of revenue is the licensing customization enhancement and maintenance of its suite of financial applications under the brand name NetSol Financial Suite (NFS) and NFS Ascent for businesses in the global lease and finance industry. The Company’s offerings include its global solution NFS. The four software applications under NFS have been designed and developed for a setting and deals with multinational multi-company multi-asset multi-lingual multi-distributor and multi-manufacturer environments. Each application is used independently to address specific sub-domains of the leasing/financing cycle. NFS and NFS Ascent have various applications such as loan origination system contract management system wholesale finance system and fleet management system. It operates in three regions: North America Europe and Asia-Pacific.

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