Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 4,290 Shares of Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 4,290 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $4.59, for a total transaction of $19,691.10. Following the sale, the insider directly owned 6,034,293 shares in the company, valued at $27,697,404.87. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major 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 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 transaction 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 transaction of $433.00.

Lesaka Technologies Price Performance

Shares of LSAK traded up $0.10 during mid-day trading on Friday, reaching $4.66. 47,388 shares of the stock traded hands, compared to its average volume of 70,520. The company 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 1 year low of $3.39 and a 1 year high of $5.10. The firm has a fifty day moving average price of $4.61 and a 200 day moving average price 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.

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

Key Headlines Impacting Lesaka Technologies

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

Institutional Trading of Lesaka Technologies

Several institutional investors have recently added to or reduced their stakes in LSAK. Susquehanna International Group LLP purchased a new stake in Lesaka Technologies during the 3rd quarter valued at about $74,000. Citadel Advisors LLC increased its stake in Lesaka Technologies by 26.4% in the 3rd quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after purchasing an additional 3,959 shares during the period. 9823 Capital L.P. bought a new stake in Lesaka Technologies in the fourth quarter valued at approximately $94,000. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in shares of Lesaka Technologies during the second quarter valued at approximately $595,000. Finally, Barclays PLC grew its holdings in shares of Lesaka Technologies by 13,359.8% in the fourth quarter. Barclays PLC now owns 141,866 shares of the company’s stock worth $677,000 after purchasing an additional 140,812 shares during the last quarter. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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