Onespan (NASDAQ:OSPN) CFO Jorge Garcia Martell Sells 20,000 Shares

Onespan Inc (NASDAQ:OSPN) CFO Jorge Garcia Martell sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total transaction of $289,000.00. Following the completion of the sale, the chief financial officer directly owned 91,018 shares in the company, valued at $1,315,210.10. This trade represents a 18.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Onespan Stock Up 0.2%

Onespan stock traded up $0.03 on Tuesday, hitting $14.26. The company’s stock had a trading volume of 251,455 shares, compared to its average volume of 609,073. The firm has a market cap of $528.62 million, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 1.28 and a beta of 1.53. The company has a fifty day moving average price of $12.49 and a 200-day moving average price of $11.99. Onespan Inc has a one year low of $10.07 and a one year high of $18.13.

Onespan (NASDAQ:OSPN) last posted its earnings results on Thursday, April 30th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Onespan had a net margin of 28.47% and a return on equity of 18.03%. The business had revenue of $65.95 million for the quarter, compared to analyst estimates of $62.40 million. Analysts anticipate that Onespan Inc will post 1.02 EPS for the current year.

Onespan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. Onespan’s dividend payout ratio is presently 28.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wall Street Zen lowered shares of Onespan from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. DA Davidson decreased their price objective on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Weiss Ratings raised shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Finally, Zacks Research raised shares of Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. 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 presently has a consensus rating of “Hold” and a consensus price target of $16.67.

Institutional Trading of Onespan

Hedge funds have recently modified their holdings of the company. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Onespan by 81.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after acquiring an additional 900 shares during the period. International Assets Investment Management LLC bought a new stake in Onespan during the 4th quarter worth approximately $32,000. Comerica Bank increased its stake in Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after purchasing an additional 2,021 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Onespan during the 4th quarter worth approximately $50,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Onespan by 12,342.3% during the 4th quarter. Advisors Asset Management Inc. now owns 6,470 shares of the company’s stock worth $83,000 after acquiring an additional 6,418 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

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.