Insider Selling: Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Sells $330,947.77 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Christopher G.B. Meyer sold 71,479 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $4.63, for a total value of $330,947.77. Following the completion of the transaction, the director now directly owns 675,868 shares in the company, valued at approximately $3,129,268.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Christopher G.B. Meyer also recently made the following trade(s):

• On Monday, June 24th, Christopher G.B. Meyer sold 10,000 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.89, for a total transaction of $48,900.00.

Lesaka Technologies Price Performance

LSAK opened at $4.79 on Friday. Lesaka Technologies, Inc. has a twelve month low of $3.00 and a twelve month high of $5.33. The company’s 50-day moving average price is $4.65 and its two-hundred day moving average price is $3.97. The company has a current ratio of 1.60, a quick ratio of 1.41 and a debt-to-equity ratio of 0.76.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $138.19 million for the quarter, compared to the consensus estimate of $145.53 million. Lesaka Technologies had a negative net margin of 4.41% and a negative return on equity of 13.73%. As a group, equities analysts predict that Lesaka Technologies, Inc. will post -0.25 EPS for the current year.

Institutional Investors Weigh In On Lesaka Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSAK. Potomac Capital Management Inc. lifted its stake in shares of Lesaka Technologies by 0.8% during the 3rd quarter. Potomac Capital Management Inc. now owns 1,525,999 shares of the company’s stock valued at $5,951,000 after buying an additional 12,076 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Lesaka Technologies by 3.7% in the first quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock worth $326,000 after acquiring an additional 3,137 shares during the period. Finally, Hosking Partners LLP raised its stake in shares of Lesaka Technologies by 3.8% during the 1st quarter. Hosking Partners LLP now owns 1,641,812 shares of the company’s stock valued at $6,157,000 after purchasing an additional 59,594 shares during the period. 24.19% of the stock is currently owned by institutional investors.

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.