Insider Selling: Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $246,748.25 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 27,265 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $9.05, for a total transaction of $246,748.25. Following the completion of the sale, the insider owned 2,690,087 shares in the company, valued at approximately $24,345,287.35. This trade represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Finance Corp International also recently made the following trade(s):

• On Thursday, March 5th, Finance Corp International sold 4,290 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.59, for a total transaction of $19,691.10.
• On Wednesday, March 4th, Finance Corp International sold 6,823 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.65, for a total value of $31,726.95.
• On Wednesday, December 17th, Finance Corp International sold 100 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.33, for a total value of $433.00.

Lesaka Technologies Stock Up 2.2%

NASDAQ:LSAK traded up $0.10 during trading hours on Friday, reaching $4.66. 47,388 shares of the company traded hands, compared to its average volume of 70,520. The business’s 50-day moving average price is $4.61 and its two-hundred day moving average price is $4.37. The stock has a market capitalization of $391.07 million, a P/E ratio of -7.40 and a beta of 0.46. Lesaka Technologies, Inc. has a 1 year low of $3.39 and a 1 year high of $5.10. The company has a current ratio of 1.57, a quick ratio of 1.43 and a debt-to-equity ratio of 1.09.

Lesaka Technologies (NASDAQ:LSAK) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $93.40 million during the quarter, compared to the consensus estimate of $166.00 million. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%.Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Analysts predict that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Wall Street Zen raised Lesaka Technologies to a “hold” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Hedge Funds Weigh In On Lesaka Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. 9823 Capital L.P. purchased a new stake in Lesaka Technologies during the fourth quarter valued at $94,000. Barclays PLC grew its stake in shares of Lesaka Technologies by 13,359.8% during the 4th quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after purchasing an additional 140,812 shares during the period. Potomac Capital Management Inc. bought a new stake in shares of Lesaka Technologies during the 4th quarter valued at about $4,766,000. Rathbones Group PLC increased its position in shares of Lesaka Technologies by 6.6% during the 4th quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock valued at $17,384,000 after purchasing an additional 225,000 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Lesaka Technologies in the 3rd quarter worth approximately $74,000. 24.19% of the stock is owned by institutional investors.

About Lesaka Technologies

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa. The company also engages in the sale of POS devices, SIM cards, and other consumables; and license of rights to use certain technology developed by the company, as well as offers related technology services.