Lesaka Technologies, Inc. (NASDAQ:LSAK – Get Free Report) major shareholder Finance Corp International sold 32,807 shares of Lesaka Technologies stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $5.02, for a total value of $164,691.14. Following the transaction, the insider directly owned 5,687,809 shares in the company, valued at approximately $28,552,801.18. The trade was a 0.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 Thursday, April 2nd, Finance Corp International sold 9,928 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.99, for a total value of $49,540.72.
- On Wednesday, April 1st, Finance Corp International sold 18,663 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.97, for a total value of $92,755.11.
- On Wednesday, March 25th, Finance Corp International sold 11,104 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.04, for a total transaction of $55,964.16.
- 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 transaction 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 transaction 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 transaction of $175,111.42.
- On Wednesday, March 18th, Finance Corp International sold 4,819 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.38, for a total transaction 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 transaction of $462,187.71.
- On Monday, March 16th, Finance Corp International sold 27,389 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.94, for a total transaction 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 transaction of $291,000.00.
Lesaka Technologies Stock Performance
Shares of Lesaka Technologies stock traded up $0.10 during mid-day trading on Thursday, hitting $5.02. 53,877 shares of the stock were exchanged, compared to its average volume of 88,246. Lesaka Technologies, Inc. has a 12 month low of $3.39 and a 12 month high of $5.54. The company has a 50-day simple moving average of $4.71 and a 200 day simple moving average of $4.41. The company has a market capitalization of $421.28 million, a P/E ratio of -7.97 and a beta of 0.39. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.43 and a current ratio of 1.57.
Analysts Set New Price Targets
LSAK has been the topic of a number of research analyst reports. Zacks Research raised shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Wall Street Zen upgraded shares of Lesaka Technologies to a “hold” rating in a report on Saturday, February 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lesaka Technologies has a consensus rating of “Reduce”.
Read Our Latest Stock Analysis on LSAK
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP bought a new position in shares of Lesaka Technologies during the 3rd quarter worth $74,000. Citadel Advisors LLC lifted its holdings in Lesaka Technologies by 26.4% during the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock valued at $79,000 after purchasing an additional 3,959 shares during the last quarter. 9823 Capital L.P. purchased a new stake in Lesaka Technologies during the fourth quarter valued at about $94,000. Barclays PLC boosted its position in Lesaka Technologies by 13,359.8% during 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 period. Finally, Potomac Capital Management Inc. bought a new position in Lesaka Technologies during the fourth quarter worth about $4,766,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.
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.
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