Today it was reported that the CEO of Netsol Technologies Inc (NASDAQ: NTWK), Najeeb Ghauri, exercised options to buy 10,000 NTWK shares at $6.50 a share, for a total transaction value of $65K.
Following Najeeb Ghauri’s last NTWK Buy transaction on June 11, 2018, the stock climbed by 2.8%. Following this transaction Najeeb Ghauri’s holding in the company was increased by 1.43% to a total of $6.39 million.
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Based on Netsol Technologies Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $16.62 million and quarterly net profit of $1.18 million. In comparison, last year the company earned revenue of $12.82 million and had a GAAP net loss of $369.5K. NTWK’s market cap is $103.5M and the company has a P/E ratio of 23.68. Currently, Netsol Technologies Inc has an average volume of 272K.
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NetSol Technologies, Inc. engages in the provision of information technology and enterprise software solutions. It operates through the following geographical segments: North America, Europe, and Asia-Pacific.
