Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 26,731 Shares of Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 26,731 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $9.53, for a total value of $254,746.43. Following the completion of the transaction, the insider directly owned 2,329,559 shares of the company’s stock, valued at $22,200,697.27. The trade was a 1.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 value of $19,691.10.
• On Wednesday, March 4th, Finance Corp International sold 6,823 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.65, for a total transaction 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 transaction of $433.00.

Lesaka Technologies Trading Up 2.2%

Shares of Lesaka Technologies stock opened at $4.66 on Friday. 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 fifty day simple moving average of $4.61 and a 200-day simple moving average of $4.37. The stock has a market cap of $391.07 million, a price-to-earnings ratio of -7.40 and a beta of 0.46. Lesaka Technologies, Inc. has a 12-month low of $3.39 and a 12-month high of $5.10.

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

More Lesaka Technologies News

Here are the key news stories impacting Lesaka Technologies this week:

• Neutral Sentiment: Major shareholder Finance Corp International still holds a material stake — roughly 6.03 million shares (valued at about $27.7M) after recent small disposals, which means the selling appears to be trimming rather than a full exit. SEC Ownership Filing
• Negative Sentiment: Large, previously disclosed block sale: Finance Corp sold 2,103,069 shares on May 19 (avg. $4.00) for ~$8.41M, a 29.2% reduction in that holding — a meaningful past reduction that reduced a major shareholder’s stake and can weigh on sentiment. SEC Ownership Filing
• Negative Sentiment: Recent uptick in bearish positioning: reported short interest in LSAK expanded by 24.7%, which raises the risk of continued downward pressure or increased volatility if shorts remain active. Short Interest in Lesaka Technologies, Inc. (NASDAQ:LSAK) Expands By 24.7%
• Negative Sentiment: High-price monetization earlier this year: Finance Corp sold large tranches in February (e.g., 42,100 shares at $10.83 and 20,220 at $11.06), indicating substantial profit-taking when the stock traded much higher — a historic supply event that reduced long-term insider exposure. SEC Ownership Filing
• Negative Sentiment: Ongoing small trims: More recent small-scale sales (March 4 — 6,823 shares at $4.65; March 5 — 4,290 shares at $4.59) show the major shareholder continues to trim, which can sap momentum even if dollar amounts are modest. SEC Ownership Filing

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LSAK. 9823 Capital L.P. acquired a new position in Lesaka Technologies during the 4th quarter worth $94,000. Barclays PLC increased its position 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 worth $677,000 after purchasing an additional 140,812 shares in the last quarter. Potomac Capital Management Inc. acquired a new position in shares of Lesaka Technologies in the 4th quarter worth approximately $4,766,000. Rathbones Group PLC increased its holdings in 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 in the last quarter. Finally, Susquehanna International Group LLP bought a new position in Lesaka Technologies in the 3rd quarter valued at $74,000. 24.19% of the stock is currently owned by institutional investors and hedge funds.

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.