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

Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Christopher G.B. Meyer sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $4.75, for a total transaction of $47,500.00. Following the transaction, the director now owns 655,868 shares of the company’s stock, valued at $3,115,373. The transaction was disclosed in a filing with the SEC, which is available through 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 value of $48,900.00.
• On Friday, June 21st, Christopher G.B. Meyer sold 71,479 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.63, for a total value of $330,947.77.

Lesaka Technologies Stock Performance

Shares of LSAK stock opened at $4.68 on Friday. The firm has a fifty day moving average of $4.66 and a 200-day moving average of $3.98. Lesaka Technologies, Inc. has a 52-week low of $3.00 and a 52-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 posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $138.19 million during the quarter, compared to analyst estimates of $145.53 million. Lesaka Technologies had a negative return on equity of 13.73% and a negative net margin of 4.41%. On average, equities research analysts forecast that Lesaka Technologies, Inc. will post -0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its position in 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 shares of Lesaka Technologies by 0.8% in the 3rd quarter. Potomac Capital Management Inc. now owns 1,525,999 shares of the company’s stock worth $5,951,000 after purchasing an additional 12,076 shares during the last quarter. Finally, Hosking Partners LLP grew its stake in shares of 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. 24.19% of the stock is currently owned by institutional investors and hedge funds.

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.