Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 10,700 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 10,700 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $9.09, for a total transaction of $97,263.00. Following the completion of the transaction, the insider directly owned 2,729,270 shares of the company’s stock, valued at approximately $24,809,064.30. This trade represents a 0.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large 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, March 5th, Finance Corp International sold 4,290 shares of Lesaka Technologies stock. The stock was 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 value of $31,726.95.
• On Wednesday, December 17th, Finance Corp International sold 100 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.33, for a total transaction of $433.00.

Lesaka Technologies Stock Performance

Lesaka Technologies stock traded up $0.10 during trading hours on Friday, hitting $4.66. The company had a trading volume of 47,388 shares, compared to its average volume of 70,520. The firm has a 50-day moving average of $4.61 and a 200 day moving average of $4.37. The firm has a market cap of $391.07 million, a PE ratio of -7.40 and a beta of 0.46. Lesaka Technologies, Inc. has a one year low of $3.39 and a one year high of $5.10. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.43.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate 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 firm 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. On average, sell-side analysts expect that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Lesaka Technologies News Summary

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

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

Institutional Trading of Lesaka Technologies

A number of institutional investors have recently made changes to their positions in LSAK. Rathbones Group PLC grew its stake in shares of Lesaka Technologies by 90.2% in the second quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock worth $15,353,000 after purchasing an additional 1,622,088 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in shares of Lesaka Technologies in the 2nd quarter worth about $595,000. Citadel Advisors LLC increased its stake in shares of 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 in the last quarter. Susquehanna International Group LLP bought a new position in Lesaka Technologies during the 3rd quarter valued at approximately $74,000. Finally, Potomac Capital Management Inc. bought a new position in shares of Lesaka Technologies during the fourth quarter valued at $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.