Onespan (NASDAQ:OSPN) Stock: Insider Michael Mcconnell Sells 10,000 Shares

Onespan Inc (NASDAQ:OSPN) Director Michael Mcconnell sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $24.50, for a total transaction of $245,000.00. Following the sale, the director owned 80,398 shares of the company’s stock, valued at $1,969,751. This represents a 11.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Onespan Trading Down 0.5%

Shares of OSPN stock traded down $0.12 during trading on Friday, hitting $22.31. 1,198,199 shares of the stock traded hands, compared to its average volume of 586,262. Onespan Inc has a 52-week low of $10.07 and a 52-week high of $27.45. The firm has a market capitalization of $823.24 million, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 1.87 and a beta of 1.52. The firm’s fifty day moving average price is $19.06 and its 200-day moving average price is $14.55. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.35 and a quick ratio of 1.24.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. The company had revenue of $63.89 million during 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, research analysts forecast that Onespan Inc will post 1.08 earnings per share for the current fiscal year.

Onespan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, November 13th. Onespan’s dividend payout ratio is 28.73%.

Institutional Trading of Onespan

Several institutional investors have recently added to or reduced their stakes in OSPN. Brighton Jones LLC raised its position 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 purchasing an additional 500 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Onespan by 25.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,500 shares of the company’s stock worth $45,000 after purchasing an additional 500 shares in the last quarter. Hennessy Advisors Inc. boosted its position in shares of Onespan by 6.6% during the second quarter. Hennessy Advisors Inc. now owns 11,184 shares of the company’s stock worth $160,000 after buying an additional 690 shares during the period. GAMMA Investing LLC boosted its position in shares of Onespan by 11.8% during the third quarter. GAMMA Investing LLC now owns 7,781 shares of the company’s stock worth $139,000 after buying an additional 821 shares during the period. Finally, Hohimer Wealth Management LLC boosted its position in shares of Onespan by 4.5% during the third quarter. Hohimer Wealth Management LLC now owns 21,486 shares of the company’s stock worth $385,000 after buying an additional 924 shares during the period. Institutional investors and hedge funds own 95.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. DA Davidson increased their price target on Onespan from $16.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, October 30th. Weiss Ratings upgraded shares of Onespan from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Rosenblatt Securities lowered shares of Onespan from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a report on Tuesday, October 27th. Wall Street Zen raised shares of Onespan from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Finally, B. Riley Financial increased their target price on shares of Onespan from $22.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Onespan presently has a consensus rating of “Hold” and a consensus price target of $24.00.

About Onespan

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.