Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 11,104 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 11,104 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $5.04, for a total transaction of $55,964.16. Following the sale, the insider owned 5,761,055 shares of the company’s stock, valued at approximately $29,035,717.20. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major 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 Tuesday, March 24th, Finance Corp International sold 16,179 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.02, for a total value of $81,218.58.
• On Monday, March 23rd, Finance Corp International sold 2,162 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.03, for a total value of $10,874.86.
• On Thursday, March 19th, Finance Corp International sold 34,607 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.06, for a total value of $175,111.42.
• On Wednesday, March 18th, Finance Corp International sold 4,819 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.38, for a total value of $25,926.22.
• On Tuesday, March 17th, Finance Corp International sold 87,041 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.31, for a total value of $462,187.71.
• On Monday, March 16th, Finance Corp International sold 27,389 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.94, for a total value of $135,301.66.
• On Friday, March 13th, Finance Corp International sold 60,000 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.85, for a total value of $291,000.00.
• On Tuesday, March 10th, Finance Corp International sold 24,532 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.64, for a total value of $113,828.48.
• On Thursday, March 12th, Finance Corp International sold 2,839 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.68, for a total transaction of $13,286.52.
• On Wednesday, March 11th, Finance Corp International sold 4,235 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.65, for a total transaction of $19,692.75.

Lesaka Technologies Trading Up 1.0%

Shares of LSAK opened at $5.12 on Thursday. The stock has a market capitalization of $429.67 million, a P/E ratio of -8.13 and a beta of 0.46. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 1.09. The firm has a fifty day simple moving average of $4.68 and a two-hundred day simple moving average of $4.39. Lesaka Technologies, Inc. has a twelve month low of $3.39 and a twelve month high of $5.54.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $93.40 million for 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, research analysts anticipate that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.

Analyst Ratings Changes

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

Lesaka Technologies News Roundup

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

• Neutral Sentiment: Market data shows conflicting short-interest reports (multiple March entries listing 0 shares or NaN changes). These appear to be data or reporting errors and are not actionable by themselves; rely on confirmed filings for a clear short-interest picture.
• Negative Sentiment: Major shareholder Finance Corp International sold a series of small blocks of LSAK stock on Mar 23–25 (2,162 shares at $5.03; 16,179 shares at $5.02; 11,104 shares at $5.04). Total proceeds reported ≈ $148k and the sales reduced the insider’s stake by only fractions of a percent; the insider still holds ~5.76M shares valued near $29M. Insider selling can be viewed as a mild negative signal but the small size relative to the holder’s overall position limits the market impact. SEC Filing
• Negative Sentiment: Confirmed short-interest data (as of Mar 13) showed an increase to 266,261 shares (up 54.3% from Feb 26), representing ~0.3% of shares outstanding and a days-to-cover around 3.9. Rising short interest can add downward pressure or increase volatility if shorts cover, though 0.3% of float is still a relatively small absolute level.

Hedge Funds Weigh In On Lesaka Technologies

Several hedge funds and other institutional investors have recently modified their holdings of LSAK. Citadel Advisors LLC raised its stake in 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 buying an additional 3,959 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Lesaka Technologies during the 3rd quarter valued at approximately $74,000. Rathbones Group PLC grew its holdings 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 worth $17,384,000 after acquiring an additional 225,000 shares during the period. Potomac Capital Management Inc. bought a new position in shares of Lesaka Technologies in the 4th quarter worth approximately $4,766,000. Finally, Barclays PLC raised 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 worth $677,000 after acquiring an additional 140,812 shares in the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

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.