Is NetSol Technologies Inc. (NASDAQ:NTWK) going to take off soon? Money managers are getting less optimistic. The number of long hedge fund positions stayed the same which is a slightly negative development in our experience
At the moment, there are many metrics investors can use to track Mr. Market. A duo of the most under-the-radar are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite fund managers can outclass the broader indices by a significant margin (see just how much).
Just as beneficial, positive insider trading sentiment is another way to parse down the financial markets. Obviously, there are plenty of motivations for an upper level exec to get rid of shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many empirical studies have demonstrated the useful potential of this tactic if “monkeys” know what to do (learn more here).
With these “truths” under our belt, we’re going to take a glance at the key action encompassing NetSol Technologies Inc. (NASDAQ:NTWK).
How are hedge funds trading NetSol Technologies Inc. (NASDAQ:NTWK)?
At Q1’s end, a total of 4 of the hedge funds we track held long positions in this stock, a change of 0% from one quarter earlier.
Judging by the fact that NetSol Technologies Inc. (NASDAQ:NTWK) has witnessed falling interest from the aggregate hedge fund industry, it’s safe to say that there were a few fund managers that elected to cut their positions entirely last quarter. It’s worth mentioning that Ken Griffin’s Citadel Investment Group cut the largest position of all the hedgies we key on, worth about $0.1 million in stock. These transactions are important to note, as total hedge fund interest stayed the same (this is a bearish signal in our experience).
How are insiders trading NetSol Technologies Inc. (NASDAQ:NTWK)?
Insider purchases made by high-level executives is best served when the company in question has seen transactions within the past half-year. Over the last half-year time period, NetSol Technologies Inc. (NASDAQ:NTWK) has seen 2 unique insiders buying, and 1 insider sales (see the details of insider trades here).
With the results exhibited by Insider Monkey’s tactics, everyday investors should always monitor hedge fund and insider trading activity, and NetSol Technologies Inc. (NASDAQ:NTWK) applies perfectly to this mantra.