Insider Selling: Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Sells 10,000 Shares of Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Christopher G.B. Meyer sold 10,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $4.89, for a total value of $48,900.00. Following the transaction, the director now owns 665,868 shares of the company’s stock, valued at $3,256,094.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 Stock Performance

NASDAQ:LSAK opened at $4.79 on Friday. The stock’s fifty day moving average is $4.65 and its 200 day moving average is $3.97. Lesaka Technologies, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $5.33. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.41 and a current ratio of 1.60.

Lesaka Technologies (NASDAQ:LSAK) last released its earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Lesaka Technologies had a negative return on equity of 13.73% and a negative net margin of 4.41%. The business had revenue of $138.19 million during the quarter, compared to analysts’ expectations of $145.53 million. As a group, equities research analysts forecast that Lesaka Technologies, Inc. will post -0.25 earnings per share for the current fiscal year.

Institutional Trading of Lesaka Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its stake in shares of 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 buying an additional 3,137 shares during the period. Potomac Capital Management Inc. boosted its position in Lesaka Technologies by 0.8% during the third quarter. Potomac Capital Management Inc. now owns 1,525,999 shares of the company’s stock valued at $5,951,000 after purchasing an additional 12,076 shares in the last quarter. Finally, Hosking Partners LLP boosted its holdings in Lesaka Technologies by 3.8% in the first quarter. Hosking Partners LLP now owns 1,641,812 shares of the company’s stock worth $6,157,000 after acquiring an additional 59,594 shares in the last quarter. 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.