Insider Selling: Onespan (NASDAQ:OSPN) CFO Sells $289,000.00 in Stock

Onespan Inc (NASDAQ:OSPN) CFO Jorge Garcia Martell sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total transaction of $289,000.00. Following the completion of the transaction, the chief financial officer directly owned 91,018 shares of the company’s stock, valued at approximately $1,315,210.10. This represents a 18.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Onespan Stock Performance

Onespan stock opened at $13.50 on Friday. Onespan Inc has a fifty-two week low of $10.07 and a fifty-two week high of $18.13. The stock has a market cap of $500.44 million, a P/E ratio of 7.46, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. The firm’s fifty day moving average price is $12.66 and its 200-day moving average price is $12.02.

Onespan (NASDAQ:OSPN) last announced its earnings results on Thursday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $65.95 million during the quarter, compared to analyst estimates of $62.40 million. Onespan had a net margin of 28.47% and a return on equity of 18.03%. On average, analysts predict that Onespan Inc will post 1.02 earnings per share for the current year.

Onespan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Thursday, May 14th. Onespan’s dividend payout ratio is presently 28.73%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings raised Onespan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Zacks Research raised Onespan from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. DA Davidson reduced their price target on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Finally, Wall Street Zen downgraded shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.67.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OSPN. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in shares of Onespan by 81.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after acquiring an additional 900 shares during the last quarter. Comerica Bank boosted its holdings in Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after acquiring an additional 2,021 shares during the period. International Assets Investment Management LLC bought a new position in Onespan during the 4th quarter worth approximately $32,000. Global Retirement Partners LLC bought a new position in Onespan during the 4th quarter worth approximately $50,000. Finally, Tower Research Capital LLC TRC increased its stake in Onespan by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock worth $86,000 after purchasing an additional 3,816 shares during the period. Hedge funds and other institutional investors own 95.52% of the company’s stock.

About Onespan

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.