Christopher G.B. Meyer Sells 10,000 Shares of Lesaka Technologies, Inc. (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Christopher G.B. Meyer sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $4.75, for a total value of $47,500.00. Following the sale, the director now directly owns 655,868 shares in the company, valued at approximately $3,115,373. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 Stock Down 2.3 %

Shares of Lesaka Technologies stock opened at $4.68 on Friday. 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, Inc. has a 12-month low of $3.00 and a 12-month high of $5.33. The firm’s 50-day moving average price is $4.66 and its two-hundred day moving average price is $3.98.

Lesaka Technologies (NASDAQ:LSAK) last announced its earnings results on Wednesday, May 8th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate 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 company had revenue of $138.19 million for the quarter, compared to analyst estimates of $145.53 million. As a group, sell-side analysts predict that Lesaka Technologies, Inc. will post -0.25 earnings per share for the current year.

Institutional Trading of Lesaka Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSAK. Russell Investments Group Ltd. boosted its stake in shares of Lesaka Technologies by 3.7% in the 1st 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. 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 acquiring an additional 12,076 shares during the last quarter. Finally, Hosking Partners LLP grew its stake in Lesaka Technologies by 3.8% during the first quarter. Hosking Partners LLP now owns 1,641,812 shares of the company’s stock worth $6,157,000 after purchasing an additional 59,594 shares during the period. Institutional investors and hedge funds 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.