Onespan (NASDAQ:OSPN) General Counsel Sells $113,850.00 in Stock

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

Onespan Stock Performance

Shares of OSPN opened at $22.18 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 0.02. The firm has a market cap of $818.44 million, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.85 and a beta of 1.52. The company’s 50 day simple moving average is $18.93 and its 200-day simple moving average is $14.50. Onespan Inc has a 12-month low of $10.07 and a 12-month high of $27.45.

Onespan (NASDAQ:OSPN) last announced its earnings results on Thursday, October 29th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Onespan had a net margin of 27.52% and a return on equity of 15.96%. The business had revenue of $63.89 million for the quarter, compared to analysts’ expectations of $57.43 million. As a group, equities analysts predict that Onespan Inc will post 1.08 EPS for the current year.

Onespan Announces Dividend

The firm 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 annualized dividend 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%.

Wall Street Analyst Weigh In

A number of research analysts have commented on OSPN shares. Wall Street Zen upgraded shares of Onespan from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. Rosenblatt Securities cut shares of Onespan from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a report on Tuesday, October 27th. DA Davidson increased their target price on shares of Onespan from $16.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. 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. Finally, Weiss Ratings raised Onespan from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.00.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of OSPN. BlackRock Inc. acquired a new stake in shares of Onespan in the 2nd quarter worth $59,607,000. Legal & General Group Plc acquired a new position in shares of Onespan during the second quarter worth about $31,248,000. Dimensional Fund Advisors LP increased its stake 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 period. Arrowstreet Capital Limited Partnership increased its stake in shares of Onespan by 94.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company’s stock worth $13,355,000 after acquiring an additional 617,092 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Onespan during the second quarter worth about $7,272,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

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.