Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $185,726.80 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 20,545 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $9.04, for a total value of $185,726.80. Following the completion of the sale, the insider owned 2,761,070 shares in the company, valued at $24,960,072.80. The trade was a 0.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock 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 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 Trading Up 2.2%

NASDAQ:LSAK opened at $4.66 on Monday. The firm’s fifty day moving average is $4.61 and its 200-day moving average is $4.37. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.43 and a current ratio of 1.57. Lesaka Technologies, Inc. has a 52 week low of $3.39 and a 52 week high of $5.10. The firm has a market cap of $391.07 million, a P/E 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 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. The company had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Equities analysts expect that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Rathbones Group PLC boosted its stake in Lesaka Technologies by 90.2% during the second quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock worth $15,353,000 after acquiring an additional 1,622,088 shares in the last quarter. Potomac Capital Management Inc. bought a new stake in Lesaka Technologies in the fourth quarter valued at $4,766,000. Barclays PLC increased its stake in Lesaka Technologies by 13,359.8% in the fourth quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after purchasing an additional 140,812 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in shares of Lesaka Technologies during the second quarter valued at about $595,000. Finally, 9823 Capital L.P. bought a new position in shares of Lesaka Technologies during the 4th quarter worth about $94,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

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.