Guess Who Just Picked Up Netsol Technologies Inc. (NASDAQ:NTWK) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Netsol Technologies Inc. (NASDAQ:NTWK) reported that Moab Capital Partners has picked up 657,534 of common stock as of 2017-04-06.

The acquisition brings the aggregate amount owned by Moab Capital Partners to a total of 657,534 representing a 6.0% stake in the company.

For those not familiar with the company, NetSol Technologies, Inc. is a provider of information technology (IT) and enterprise software solutions. The Company is engaged in the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand names, NetSol Financial Suite (NFS) and NFS Ascent, for businesses in the lease and finance industry. The Company’s segments include North America, Europe and Asia-Pacific. The Company’s offerings include its global solution, NFS. The four 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. The Company’s platform, NFS Ascent, offers a solution for the auto and equipment finance and leasing industry. NFS Ascent platform is a lease accounting and contract processing engine.

A glance at Netsol Technologies Inc. (NASDAQ:NTWK)’s key stats reveals a current market capitalization of 56.63 Million based on 10.99 Million shares outstanding and a price at last close of $5.05 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-02, Beckert picked up 200 at a purchase price of $4.99. This brings their total holding to 54,867 as of the date of the filing.

On the sell side, the most recent transaction saw Beckert unload 500 shares at a sale price of $7.04. This brings their total holding to 33,000.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Netsol Technologies Inc. (NASDAQ:NTWK) as things move forward to see if its progress aligns with these transactions.

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