Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $223,633.20 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 20,220 shares of Lesaka Technologies stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $11.06, for a total transaction of $223,633.20. Following the completion of the transaction, the insider directly owned 2,267,239 shares in the company, valued at approximately $25,075,663.34. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 Price Performance

LSAK stock opened at $4.66 on Monday. The stock has a market capitalization of $391.07 million, a price-to-earnings ratio of -7.40 and a beta of 0.46. The firm’s 50-day moving average price is $4.61 and its two-hundred day moving average price is $4.37. The company has a current ratio of 1.57, a quick ratio of 1.43 and a debt-to-equity ratio of 1.09. Lesaka Technologies, Inc. has a 12-month low of $3.39 and a 12-month high of $5.10.

Lesaka Technologies (NASDAQ:LSAK) last posted its earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $93.40 million during the quarter, compared to analyst estimates 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, equities analysts predict that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Lesaka Technologies

A number of institutional investors have recently bought and sold shares of LSAK. Rathbones Group PLC lifted its holdings in Lesaka Technologies by 6.6% in the fourth quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock worth $17,384,000 after buying an additional 225,000 shares during the period. Potomac Capital Management Inc. bought a new stake in Lesaka Technologies during the 4th quarter valued at approximately $4,766,000. Barclays PLC grew its holdings in shares of Lesaka Technologies by 13,359.8% during the 4th quarter. Barclays PLC now owns 141,866 shares of the company’s stock worth $677,000 after acquiring an additional 140,812 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new position in shares of Lesaka Technologies during the 2nd quarter worth approximately $595,000. Finally, 9823 Capital L.P. bought a new position in shares of Lesaka Technologies in the 4th quarter worth approximately $94,000. 24.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LSAK. Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. Finally, Wall Street Zen raised Lesaka Technologies to a “hold” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

More 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.