Onespan (NASDAQ:OSPN) Stock: Insider Jorge Garcia Martell Sells 8,000 Shares

Onespan Inc (NASDAQ:OSPN) CFO Jorge Martell sold 8,000 shares of the business’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $22.04, for a total value of $176,320.00. Following the sale, the chief financial officer directly owned 86,421 shares of the company’s stock, valued at $1,904,718.84. This represents a 8.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Onespan Stock Performance

Shares of NASDAQ OSPN opened at $22.18 on Thursday. The firm has a fifty day moving average price of $18.93 and a 200-day moving average price of $14.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.35 and a quick ratio of 1.24. The stock 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. Onespan Inc has a 1 year low of $10.07 and a 1 year high of $27.45.

Onespan (NASDAQ:OSPN) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. Onespan had a net margin of 27.52% and a return on equity of 15.96%. The firm had revenue of $63.89 million for the quarter, compared to analysts’ expectations of $57.43 million. Equities analysts anticipate 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. Investors of record on Friday, November 13th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 13th. Onespan’s payout ratio is currently 28.73%.

Analysts Set New Price Targets

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

Institutional Trading of Onespan

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Onespan by 25.0% during 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. Brighton Jones LLC boosted its stake 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 acquiring an additional 500 shares in the last quarter. Hennessy Advisors Inc. grew its holdings in Onespan by 6.6% in the second quarter. Hennessy Advisors Inc. now owns 11,184 shares of the company’s stock worth $160,000 after purchasing an additional 690 shares during the last quarter. GAMMA Investing LLC grew its holdings in Onespan by 11.8% in the third quarter. GAMMA Investing LLC now owns 7,781 shares of the company’s stock worth $139,000 after purchasing an additional 821 shares during the last quarter. Finally, Hohimer Wealth Management LLC grew its holdings in Onespan by 4.5% in the third quarter. Hohimer Wealth Management LLC now owns 21,486 shares of the company’s stock worth $385,000 after purchasing an additional 924 shares during the last quarter. Institutional investors 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.