Onespan (NASDAQ:OSPN) CFO Jorge Garcia Martell Sells 8,000 Shares of Company Stock

Onespan Inc (NASDAQ:OSPN) CFO Jorge Martell sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $22.04, for a total value of $176,320.00. Following the completion of the sale, the chief financial officer directly owned 86,421 shares in the company, valued at $1,904,718.84. The trade was a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Onespan Stock Performance

Shares of OSPN stock opened at $21.92 on Wednesday. The firm has a market capitalization of $808.85 million, a price-to-earnings ratio of 12.11, a PEG ratio of 1.90 and a beta of 1.52. The stock has a fifty day moving average of $18.81 and a 200 day moving average of $14.45. Onespan Inc has a 52 week low of $10.07 and a 52 week high of $27.45. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 0.02.

Onespan (NASDAQ:OSPN) last posted its earnings results on Thursday, October 29th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $63.89 million for the quarter, compared to the consensus estimate of $57.43 million. Onespan had a return on equity of 15.96% and a net margin of 27.52%. As a group, research analysts expect that Onespan Inc will post 1.08 earnings per share for the current year.

Onespan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, November 13th. This represents a $0.52 annualized dividend and a dividend yield of 2.4%. Onespan’s dividend payout ratio (DPR) is presently 28.73%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE bought a new position in shares of Onespan in the second quarter worth approximately $894,000. Legal & General Group Plc bought a new stake in shares of Onespan during the second quarter valued at approximately $31,248,000. Bank of New York Mellon Corp bought a new stake in shares of Onespan during the second quarter valued at approximately $7,272,000. Ieq Capital LLC purchased a new position in shares of Onespan in the second quarter worth $1,635,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Onespan by 31.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock worth $15,421,000 after acquiring an additional 349,648 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OSPN. B. Riley Financial lifted their target price on shares of Onespan from $22.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, October 30th. DA Davidson upped their price target on Onespan from $16.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, October 30th. Weiss Ratings raised Onespan from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Rosenblatt Securities downgraded Onespan from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a report on Tuesday, October 27th. Finally, Wall Street Zen raised Onespan from a “hold” rating to a “buy” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Onespan presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Onespan Company Profile

OneSpan Inc. provides cybersecurity and digital agreement solutions that help organizations protect digital interactions and transactions. Its offerings are used by financial institutions, government agencies and other businesses to support secure access, identity verification and digital workflows. The company’s products include authentication tools, such as hardware and software-based security credentials, and OneSpan Sign, an electronic signature solution. OneSpan also offers software and services for managing digital agreements and securing transactions across online and mobile channels.