Onespan (NASDAQ:OSPN) General Counsel Lara Mataac Sells 5,000 Shares of Company Stock

Onespan Inc (NASDAQ:OSPN) General Counsel Lara Mataac sold 5,000 shares of Onespan stock in a transaction on Monday, November 9th. The shares were sold at an average price of $22.77, for a total transaction of $113,850.00. Following the completion of the transaction, the general counsel owned 71,060 shares in the company, valued at approximately $1,618,036.20. This represents a 6.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Onespan Stock Performance

Shares of NASDAQ:OSPN traded up $1.00 on Monday, reaching $22.59. The company’s stock had a trading volume of 593,470 shares, compared to its average volume of 583,940. The stock’s 50-day moving average is $18.58 and its two-hundred day moving average is $14.35. Onespan Inc has a 52-week low of $10.07 and a 52-week high of $27.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.35 and a quick ratio of 1.24. The stock has a market capitalization of $833.57 million, a P/E ratio of 12.48, a PEG ratio of 1.82 and a beta of 1.52.

Onespan (NASDAQ:OSPN) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.35 earnings per share (EPS) 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 analyst estimates of $57.43 million. Onespan had a return on equity of 15.96% and a net margin of 27.52%. As a group, sell-side analysts forecast that Onespan Inc will post 1.08 EPS for the current year.

Onespan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 13th. Onespan’s dividend payout ratio (DPR) is presently 28.73%.

Analyst Ratings Changes

A number of research firms have recently issued reports on OSPN. Rosenblatt Securities lowered Onespan from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a report on Tuesday, October 27th. B. Riley Financial increased their price target on Onespan from $22.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, October 30th. DA Davidson lifted their price objective on shares of Onespan from $16.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, October 30th. Wall Street Zen raised shares of Onespan from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings upgraded shares of Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 14th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $24.00.

Institutional Trading of Onespan

Hedge funds have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Onespan by 25.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,500 shares of the company’s stock valued at $45,000 after buying an additional 500 shares in the last quarter. Fifth Third Bancorp raised its position in Onespan by 483.0% in the third quarter. Fifth Third Bancorp now owns 1,784 shares of the company’s stock worth $32,000 after acquiring an additional 1,478 shares in the last quarter. Leuthold Group LLC purchased a new position in Onespan in the third quarter worth $2,723,000. Hohimer Wealth Management LLC lifted its holdings in Onespan by 4.5% in the third quarter. Hohimer Wealth Management LLC now owns 21,486 shares of the company’s stock valued at $385,000 after acquiring an additional 924 shares during the period. Finally, Brighton Jones LLC lifted its holdings in Onespan by 4.9% in the third quarter. Brighton Jones LLC now owns 10,692 shares of the company’s stock valued at $192,000 after acquiring an additional 500 shares during the period. 95.52% of the stock is owned by institutional investors and hedge funds.

About Onespan

OneSpan Inc (NASDAQ: OSPN) provides digital identity, authentication and electronic signature solutions for organizations that need to secure online transactions and interactions. Its technology is designed to help businesses verify users, protect accounts and transactions, and meet security and compliance requirements across digital channels.

The company’s offerings include DIGIPASS authentication products, mobile and hardware authenticators, transaction-signing tools, adaptive authentication and identity verification capabilities.