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

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

Onespan Price Performance

Onespan stock traded down $0.12 during midday trading on Friday, reaching $22.31. The company had a trading volume of 1,198,199 shares, compared to its average volume of 586,262. The company has a market capitalization of $823.24 million, a P/E ratio of 12.33, a P/E/G ratio of 1.87 and a beta of 1.52. Onespan Inc has a 12-month low of $10.07 and a 12-month high of $27.45. The firm’s fifty day simple moving average is $19.06 and its 200-day simple moving average 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 posted its quarterly earnings data on Thursday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. Onespan had a return on equity of 15.96% and a net margin of 27.52%. The company had revenue of $63.89 million for the quarter, compared to analysts’ expectations of $57.43 million. As a group, equities analysts anticipate that Onespan Inc will post 1.08 EPS for the current year.

Onespan Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.3%. Onespan’s payout ratio is currently 28.73%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OSPN. BlackRock Inc. acquired a new position in shares of Onespan during the 2nd quarter valued at about $59,607,000. Legal & General Group Plc acquired a new stake in Onespan during the second quarter worth about $31,248,000. First Trust Advisors LP increased its position in Onespan by 788.1% during the third quarter. First Trust Advisors LP now owns 1,436,801 shares of the company’s stock worth $25,733,000 after purchasing an additional 1,275,018 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in 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 purchasing an additional 617,092 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Onespan during the second quarter worth about $7,272,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OSPN has been the subject of several research reports. DA Davidson boosted their price target on Onespan from $16.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Rosenblatt Securities lowered 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. 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 research note on Friday, October 30th. Weiss Ratings raised shares of Onespan from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Finally, Wall Street Zen raised shares of Onespan from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.