Insider Selling: Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells 106,948 Shares of Stock

Key Points

• Finance Corp International sold a total of 442,950 shares of Lesaka Technologies between April 1–16 for roughly $2.18 million, and after the transactions still directly owns 5,330,784 shares (about a 1.97% reduction in its position).
• LSAK traded at $4.92 with a volume of 354,768 (around four times its average), with a market cap of approximately $412.9 million and a one‑year range of $3.39–$5.54.
• Analyst sentiment is weak—a MarketBeat consensus rating of Reduce—and although the company topped EPS estimates last quarter, it missed revenue expectations, has negative margins, and analysts forecast about -0.16 EPS for the current year.

Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) major shareholder Finance Corp International sold 106,948 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $4.90, for a total value of $524,045.20. Following the transaction, the insider directly owned 5,330,784 shares in the company, valued at approximately $26,120,841.60. This represents a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Finance Corp International also recently made the following trade(s):

• On Thursday, April 16th, Finance Corp International sold 66,437 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.90, for a total value of $325,541.30.
• On Wednesday, April 15th, Finance Corp International sold 19,488 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.90, for a total value of $95,491.20.
• On Monday, April 13th, Finance Corp International sold 52,230 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.92, for a total value of $256,971.60.
• On Friday, April 10th, Finance Corp International sold 57,894 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.98, for a total transaction of $288,312.12.
• On Thursday, April 9th, Finance Corp International sold 9,878 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.95, for a total transaction of $48,896.10.
• On Wednesday, April 8th, Finance Corp International sold 19,311 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.93, for a total transaction of $95,203.23.
• On Tuesday, April 7th, Finance Corp International sold 47,954 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.91, for a total transaction of $235,454.14.
• On Monday, April 6th, Finance Corp International sold 34,219 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.95, for a total transaction of $169,384.05.
• On Thursday, April 2nd, Finance Corp International sold 9,928 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.99, for a total transaction of $49,540.72.
• On Wednesday, April 1st, Finance Corp International sold 18,663 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.97, for a total value of $92,755.11.

Lesaka Technologies Stock Performance

Shares of LSAK traded down $0.02 during mid-day trading on Thursday, hitting $4.92. The company's stock had a trading volume of 354,768 shares, compared to its average volume of 92,502. Lesaka Technologies, Inc. has a one year low of $3.39 and a one year high of $5.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.43 and a current ratio of 1.57. The firm has a market capitalization of $412.89 million, a PE ratio of -7.81 and a beta of 0.39. The stock's 50-day moving average is $4.77 and its two-hundred day moving average is $4.46.

Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $0.08 earnings per share for the quarter, topping 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 the consensus estimate of $166.00 million. As a group, sell-side analysts anticipate that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Lesaka Technologies

A number of hedge funds have recently added to or reduced their stakes in LSAK. Rathbones Group PLC raised its position 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 valued at $17,384,000 after acquiring an additional 225,000 shares during the last quarter. Potomac Capital Management Inc. acquired a new stake in shares of Lesaka Technologies during the fourth quarter worth $4,766,000. Barclays PLC grew its stake in shares of 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. 9823 Capital L.P. bought a new stake in Lesaka Technologies in the fourth quarter valued at about $94,000. Finally, Citadel Advisors LLC lifted 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 valued at $79,000 after buying an additional 3,959 shares during the period. Institutional investors own 24.19% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. Zacks Research upgraded Lesaka Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, January 23rd. Finally, Wall Street Zen raised Lesaka Technologies to a "hold" rating in a 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's stock. According to data from MarketBeat, Lesaka Technologies has a consensus rating of "Reduce".

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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