Insider Selling: Onespan Inc (NASDAQ:OSPN) Director Sells 34,000 Shares of Stock

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Onespan Inc (NASDAQ:OSPN) Director T Kendall Hunt sold 34,000 shares of Onespan stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $14.33, for a total transaction of $487,220.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Onespan stock traded down $0.54 during trading hours on Wednesday, hitting $13.67. The stock had a trading volume of 77,738 shares, compared to its average volume of 260,818. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.34 and a current ratio of 2.55. The stock has a market capitalization of $571.46 million, a PE ratio of 37.97, a price-to-earnings-growth ratio of 3.52 and a beta of 2.16. Onespan Inc has a 12-month low of $11.41 and a 12-month high of $21.61.

Onespan (NASDAQ:OSPN) last issued its earnings results on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.16). The firm had revenue of $47.61 million during the quarter, compared to analysts’ expectations of $48.48 million. Onespan had a positive return on equity of 3.73% and a negative net margin of 1.69%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. As a group, equities research analysts forecast that Onespan Inc will post 0.4 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of OSPN. JPMorgan Chase & Co. grew its stake in shares of Onespan by 11.4% in the third quarter. JPMorgan Chase & Co. now owns 305,623 shares of the company’s stock worth $5,822,000 after acquiring an additional 31,353 shares during the period. Teachers Advisors LLC grew its stake in shares of Onespan by 8.0% in the third quarter. Teachers Advisors LLC now owns 68,186 shares of the company’s stock worth $1,299,000 after acquiring an additional 5,054 shares during the period. Morgan Stanley grew its stake in shares of Onespan by 29.0% in the third quarter. Morgan Stanley now owns 162,632 shares of the company’s stock worth $3,098,000 after acquiring an additional 36,516 shares during the period. Vanguard Group Inc. grew its stake in shares of Onespan by 5.8% in the third quarter. Vanguard Group Inc. now owns 1,916,545 shares of the company’s stock worth $36,510,000 after acquiring an additional 105,798 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Onespan by 6.2% in the fourth quarter. Arizona State Retirement System now owns 48,355 shares of the company’s stock worth $626,000 after acquiring an additional 2,839 shares during the period. 64.71% of the stock is owned by institutional investors and hedge funds.

Several research analysts have issued reports on the stock. Wedbush assumed coverage on shares of Onespan in a report on Friday, May 31st. They issued a “neutral” rating and a $17.00 target price for the company. Zacks Investment Research cut shares of Onespan from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. ValuEngine cut shares of Onespan from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, TheStreet cut shares of Onespan from a “b-” rating to a “c” rating in a report on Monday, April 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $18.67.

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Onespan Company Profile

OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.

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