Lightspeed Commerce (LSPD) Exited for $28 Million After 15% Drop

AI Summary

Wishbone Management fully exited its 2,800,000-share stake in Lightspeed Commerce (LSPD) on May 14, 2026, for an estimated $27.96 million. This sale comes after Lightspeed's share price fell to $8.81, reflecting a 15% decline over the past year, while the S&P 500 rose about 25% in the same period. Lightspeed reported a revenue growth of 14% to $1.23 billion in fiscal 2026 and added approximately 3,200 net customer locations. This exit suggests a lack of confidence in Lightspeed's market turnaround potential, impacting investor sentiment significantly.