Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $192,010.00 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 21,100 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $9.10, for a total transaction of $192,010.00. Following the transaction, the insider directly owned 2,739,970 shares in the company, valued at $24,933,727. This trade represents a 0.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock 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 shares were sold at an average price of $4.33, for a total value of $433.00.

Lesaka Technologies Price Performance

NASDAQ LSAK traded up $0.10 on Friday, hitting $4.66. 47,388 shares of the company were exchanged, compared to its average volume of 70,520. Lesaka Technologies, Inc. has a 1-year low of $3.39 and a 1-year high of $5.10. The firm has a 50 day moving average of $4.61 and a two-hundred day moving average of $4.37. The company has a current ratio of 1.57, a quick ratio of 1.43 and a debt-to-equity ratio of 1.09. The company has a market cap of $391.07 million, a P/E ratio of -7.40 and a beta of 0.46.

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

Institutional Trading of Lesaka Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP bought a new position in Lesaka Technologies during the third quarter worth about $74,000. Citadel Advisors LLC increased its holdings in shares of Lesaka Technologies by 26.4% in the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after acquiring an additional 3,959 shares in the last quarter. 9823 Capital L.P. acquired a new stake in shares of Lesaka Technologies during the fourth quarter worth about $94,000. Schwarz Dygos Wheeler Investment Advisors LLC bought a new position in shares of Lesaka Technologies during the 2nd quarter valued at about $595,000. Finally, Barclays PLC grew its position in shares of Lesaka Technologies by 13,359.8% in 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. Institutional investors and hedge funds own 24.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Wall Street Zen raised shares of Lesaka Technologies to a “hold” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lesaka Technologies in a research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Lesaka Technologies Company Profile

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.