Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $190,242.19 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 20,701 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $9.19, for a total transaction of $190,242.19. Following the sale, the insider owned 2,626,086 shares in the company, valued at $24,133,730.34. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 10% 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 transaction 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 NASDAQ:LSAK opened at $4.66 on Monday. Lesaka Technologies, Inc. has a 12 month low of $3.39 and a 12 month high of $5.10. 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 company’s fifty day simple moving average is $4.61 and its 200 day simple moving average is $4.37. The firm has a market cap of $391.07 million, a price-to-earnings ratio of -7.40 and a beta of 0.46.

Lesaka Technologies (NASDAQ:LSAK) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The business 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. As a group, research analysts forecast that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Lesaka Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSAK. Rathbones Group PLC lifted its position in Lesaka Technologies by 90.2% during the 2nd quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock worth $15,353,000 after buying an additional 1,622,088 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in shares of Lesaka Technologies during the 2nd quarter worth about $595,000. Barclays PLC grew its holdings 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 acquiring an additional 140,812 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Lesaka Technologies by 26.4% in the 3rd quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock valued at $79,000 after acquiring an additional 3,959 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Lesaka Technologies in the third quarter valued at about $74,000. 24.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Key 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

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.