Insider Selling: Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $42,799.36 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 9,224 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $4.64, for a total value of $42,799.36. Following the completion of the transaction, the insider owned 6,063,729 shares in the company, valued at $28,135,702.56. This represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 value of $13,286.52.
• On Wednesday, March 11th, Finance Corp International sold 4,235 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.65, for a total transaction of $19,692.75.
• On Monday, March 9th, Finance Corp International sold 27,767 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.56, for a total transaction of $126,617.52.
• 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 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 Price Performance

Shares of NASDAQ LSAK traded up $0.06 during mid-day trading on Friday, reaching $4.77. 6,417 shares of the company were exchanged, compared to its average volume of 77,174. Lesaka Technologies, Inc. has a 52 week low of $3.39 and a 52 week 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 stock has a market capitalization of $400.38 million, a PE ratio of -7.57 and a beta of 0.46. The company’s 50 day moving average price is $4.60 and its 200 day moving average price is $4.37.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Lesaka Technologies

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

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.