Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 64,700 Shares of Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 64,700 shares of Lesaka Technologies stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $9.63, for a total transaction of $623,061.00. Following the completion of the transaction, the insider owned 2,456,590 shares of the company’s stock, valued at $23,656,961.70. This represents a 2.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, 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 value 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 value 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 value of $433.00.

Lesaka Technologies Trading Up 2.2%

NASDAQ:LSAK opened at $4.66 on Friday. Lesaka Technologies, Inc. has a 1 year low of $3.39 and a 1 year high of $5.10. The stock has a market cap of $391.07 million, a P/E ratio of -7.40 and a beta of 0.46. The stock has a 50-day simple moving average of $4.61 and a 200-day simple moving average of $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 (NASDAQ:LSAK) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $93.40 million during the quarter, compared to analyst estimates of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. As a group, analysts anticipate that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lesaka Technologies

Several institutional investors have recently bought and sold shares of the business. Rathbones Group PLC raised its stake in shares of Lesaka Technologies by 6.6% in 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 period. Potomac Capital Management Inc. purchased a new stake in Lesaka Technologies during the 4th quarter worth $4,766,000. Barclays PLC increased its holdings in Lesaka Technologies by 13,359.8% in the 4th 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 worth about $595,000. Finally, 9823 Capital L.P. acquired a new position in shares of Lesaka Technologies during the fourth quarter worth about $94,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Lesaka Technologies

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

Analyst Ratings Changes

Several research firms recently commented on LSAK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Lesaka Technologies to a “hold” rating in a research note on Saturday, February 14th. Finally, Zacks Research raised shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lesaka Technologies currently has an average 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.