Onespan (NASDAQ:OSPN) Stock: Insider Michael Mcconnell Sells 10,000 Shares

Onespan Inc (NASDAQ:OSPN) Director Michael Mcconnell sold 10,000 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $22.12, for a total transaction of $221,200.00. Following the completion of the sale, the director directly owned 70,398 shares of the company’s stock, valued at $1,557,203.76. The trade was a 12.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Onespan Price Performance

OSPN traded down $0.12 on Friday, reaching $22.31. The company had a trading volume of 1,198,199 shares, compared to its average volume of 972,459. The company has a fifty day moving average of $19.17 and a 200-day moving average of $14.60. The company has a market capitalization of $823.24 million, a P/E ratio of 12.33, a PEG ratio of 1.89 and a beta of 1.52. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 0.02. Onespan Inc has a one year low of $10.07 and a one year high of $27.45.

Onespan (NASDAQ:OSPN) last released 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 the consensus estimate of $57.43 million. As a group, equities research analysts anticipate that Onespan Inc will post 1.08 earnings per share for the current year.

Onespan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, November 13th. Onespan’s dividend payout ratio (DPR) is currently 28.73%.

Hedge Funds Weigh In On Onespan

Several large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Onespan in the 2nd quarter worth $59,607,000. Legal & General Group Plc acquired a new stake in shares of Onespan during the second quarter worth $31,248,000. First Trust Advisors LP raised its position in shares of Onespan by 788.1% during the third quarter. First Trust Advisors LP now owns 1,436,801 shares of the company’s stock worth $25,733,000 after purchasing an additional 1,275,018 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Onespan by 94.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company’s stock valued at $13,355,000 after purchasing an additional 617,092 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Onespan during the second quarter valued at $7,272,000. Institutional investors own 95.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on OSPN shares. Weiss Ratings upgraded Onespan from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, November 9th. 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. Wall Street Zen upgraded Onespan from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Rosenblatt Securities downgraded 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 price objective on Onespan from $22.00 to $32.00 and gave the company a “buy” rating in a report on Friday, October 30th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.00.

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.