Onespan Inc (NASDAQ:OSPN – Get Free Report) CFO Jorge Garcia Martell sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total value of $289,000.00. Following the completion of the transaction, the chief financial officer directly owned 91,018 shares in the company, valued at $1,315,210.10. The trade was a 18.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Onespan Stock Performance
Shares of NASDAQ:OSPN opened at $14.26 on Wednesday. The stock has a market capitalization of $528.66 million, a price-to-earnings ratio of 7.88, a PEG ratio of 1.27 and a beta of 1.53. The stock’s 50-day simple moving average is $12.56 and its two-hundred day simple moving average is $12.00. Onespan Inc has a 52-week low of $10.07 and a 52-week high of $18.13.
Onespan (NASDAQ:OSPN – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. Onespan had a return on equity of 18.03% and a net margin of 28.47%.The business had revenue of $65.95 million for the quarter, compared to analysts’ expectations of $62.40 million. As a group, equities analysts forecast that Onespan Inc will post 1.02 earnings per share for the current fiscal year.
Onespan Announces Dividend
Analyst Ratings Changes
Several research firms have recently commented on OSPN. Weiss Ratings raised Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Zacks Research raised Onespan from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Wall Street Zen downgraded Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, DA Davidson decreased their price objective on Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Two investment 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 an average price target of $16.67.
Read Our Latest Report on Onespan
Institutional Trading of Onespan
Several institutional investors and hedge funds have recently added to or reduced their stakes in OSPN. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Onespan by 81.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after purchasing an additional 900 shares during the period. International Assets Investment Management LLC bought a new stake in Onespan during the 4th quarter valued at approximately $32,000. Comerica Bank raised its stake in Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after purchasing an additional 2,021 shares during the period. Global Retirement Partners LLC bought a new stake in Onespan during the 4th quarter valued at approximately $50,000. Finally, Advisors Asset Management Inc. raised its stake in Onespan by 12,342.3% during the 4th quarter. Advisors Asset Management Inc. now owns 6,470 shares of the company’s stock valued at $83,000 after purchasing an additional 6,418 shares during the period. Institutional investors own 95.52% of the company’s stock.
Onespan Company Profile
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.
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