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 the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $22.77, for a total transaction of $113,850.00. Following the sale, the general counsel directly owned 71,060 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Onespan Trading Up 4.6%

Shares of NASDAQ OSPN opened at $22.59 on Tuesday. The firm has a 50 day moving average price of $18.70 and a two-hundred day moving average price of $14.40. The stock has a market cap of $833.57 million, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 1.99 and a beta of 1.52. 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 quick ratio of 1.24 and a current ratio of 1.35.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.35 EPS for the quarter, topping 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 company had revenue of $63.89 million for the quarter, compared to analyst estimates of $57.43 million. As a group, equities analysts forecast that Onespan Inc will post 1.08 EPS for the current year.

Onespan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors 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 currently 28.73%.

Institutional Investors Weigh In On Onespan

A number of institutional investors and hedge funds have recently bought and sold shares of OSPN. Fifth Third Bancorp boosted its holdings in Onespan by 483.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,784 shares of the company’s stock worth $32,000 after acquiring an additional 1,478 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Onespan in the 2nd quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Onespan by 25.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,500 shares of the company’s stock worth $45,000 after acquiring an additional 500 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Onespan during the second quarter valued at about $61,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Onespan during the second quarter valued at about $88,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Onespan Company Profile

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.