Lesaka Technologies, Inc. (NASDAQ:LSAK – Get Free Report) Director Christopher G.B. Meyer sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $4.75, for a total transaction of $47,500.00. Following the completion of the transaction, the director now directly owns 655,868 shares in the company, valued at $3,115,373. The transaction was disclosed in a 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 stock was sold at an average price of $4.89, for a total value of $48,900.00.
- On Friday, June 21st, Christopher G.B. Meyer sold 71,479 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.63, for a total value of $330,947.77.
Lesaka Technologies Price Performance
Shares of LSAK opened at $4.68 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.41 and a current ratio of 1.60. The firm has a market cap of $297.65 million, a PE ratio of -12.32 and a beta of 0.98. Lesaka Technologies, Inc. has a twelve month low of $3.00 and a twelve month high of $5.33. The firm’s 50 day moving average price is $4.66 and its 200 day moving average price is $3.99.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its holdings in Lesaka Technologies by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock valued at $326,000 after purchasing an additional 3,137 shares during the last quarter. Hosking Partners LLP grew its holdings in Lesaka Technologies by 3.8% in the 1st quarter. Hosking Partners LLP now owns 1,641,812 shares of the company’s stock valued at $6,157,000 after buying an additional 59,594 shares during the last quarter. Finally, Potomac Capital Management Inc. lifted its holdings in shares of Lesaka Technologies by 0.8% during the third quarter. Potomac Capital Management Inc. now owns 1,525,999 shares of the company’s stock worth $5,951,000 after buying an additional 12,076 shares during the last quarter. 24.19% of the stock is owned by institutional investors.
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.
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