Onespan (NASDAQ:OSPN) CFO Jorge Garcia Martell Sells 15,000 Shares

Onespan Inc (NASDAQ:OSPN) CFO Jorge Garcia Martell sold 15,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $10.33, for a total value of $154,950.00. Following the completion of the sale, the chief financial officer directly owned 110,218 shares of the company’s stock, valued at approximately $1,138,551.94. This trade represents a 11.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Onespan Stock Performance

OSPN stock traded up $0.09 during trading on Tuesday, reaching $10.47. 736,955 shares of the company were exchanged, compared to its average volume of 655,623. The stock’s 50 day moving average price is $11.49 and its 200 day moving average price is $13.13. Onespan Inc has a 52-week low of $10.16 and a 52-week high of $18.13. The company has a market cap of $392.31 million, a P/E ratio of 5.57, a PEG ratio of 0.96 and a beta of 1.54.

Onespan (NASDAQ:OSPN) last issued its earnings results on Thursday, February 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Onespan had a net margin of 29.98% and a return on equity of 19.58%. The company had revenue of $62.92 million during the quarter, compared to analysts’ expectations of $59.78 million. As a group, equities research analysts forecast that Onespan Inc will post 1.11 EPS for the current year.

Onespan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Onespan’s previous quarterly dividend of $0.12. Onespan’s dividend payout ratio (DPR) is 27.66%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OSPN. State of Alaska Department of Revenue purchased a new stake in shares of Onespan during the third quarter worth about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in Onespan by 81.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock worth $26,000 after acquiring an additional 900 shares during the last quarter. Comerica Bank boosted its position in Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after acquiring an additional 2,021 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Onespan during the fourth quarter worth approximately $32,000. Finally, Global Retirement Partners LLC acquired a new position in Onespan in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

Analyst Upgrades and Downgrades

OSPN has been the subject of a number of research analyst reports. Zacks Research cut Onespan from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. DA Davidson cut their target price on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Onespan in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.67.

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.