Lightspeed Commerce (NYSE:LSPD)(TSE:LSPD) stock closed over 18% higher on May 16. Investors cheered the company’s stellar Q4 financial performance. Its top line increased 25% year-over-year to $230.2 million. Moreover, LSPD reported an adjusted EPS of $0.16 per share compared to breakeven earnings last year. With its growing revenues, cost control measures, improving profitability, and ongoing digital shift, Lightspeed stock stands to gain, implying it’s the right time to see who owns LSPD.
Lightspeed provides a point of sale (POS) and multi-channel commerce platform, which positions it well to capitalize on the digital shift.
Now, according to TipRanks’ ownership page, insiders own 42.03% of LSPD. They are followed by other institutional investors, public companies and individual investors, and mutual funds at 32.86%, 16.84%, and 8.27%, respectively.
Digging Deeper into LSPD’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Caisse De Dépôt Et Placement Du Québec owns a 15.85% stake in LSPD stock. Meanwhile, Artisan Partners Funds owns a 2.16% stake in the company.
Looking at insiders who hold a prominent stake in the company, the insider confidence signal is Negative on LSPD stock based on three informative transactions in the last three months. Insiders sold LSPD shares worth C$59.2k during the last quarter.
What is the Future of LSPD Stock?
Lightspeed stock is down about 28% year-to-date. Wall Street is cautiously optimistic about LSPD stock.
With five Buys and four Hold recommendations, LSPD stock has a Moderate Buy consensus rating. Analysts’ average price target on LSPD stock is $18.44, implying a 22.15% upside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides LSPD ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of Lightspeed stock, go to TipRanks’ Stock Analysis page.
