Onespan (NASDAQ:OSPN) Stock: Insider Lara Mataac Sells 5,000 Shares

Key Points

• OneSpan General Counsel Lara Mataac sold 5,000 shares at an average price of $22.77, totaling $113,850; she retained 71,060 shares after the sale.
• OneSpan reported quarterly EPS of $0.35, beating the $0.24 consensus, and revenue of $63.89 million, above estimates. Shares rose 4.6% in Monday trading.
• The company announced a quarterly dividend of $0.13 per share, equivalent to a 2.3% annualized yield; analysts’ consensus rating was Hold, with an average $24 price target.

Onespan Inc (NASDAQ:OSPN - Get Free Report) General Counsel Lara Mataac sold 5,000 shares of the company's stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $22.77, for a total transaction of $113,850.00. Following the sale, the general counsel directly owned 71,060 shares in the company, valued at approximately $1,618,036.20. The trade was a 6.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Onespan Stock Up 4.6%

Onespan stock traded up $1.00 during mid-day trading on Monday, reaching $22.59. 593,470 shares of the company's stock were exchanged, compared to its average volume of 583,940. The company has a market cap of $833.57 million, a P/E ratio of 12.48, a P/E/G ratio of 1.82 and a beta of 1.52. Onespan Inc has a twelve month low of $10.07 and a twelve month high of $27.45. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $18.58 and a 200-day moving average of $14.35.

Onespan (NASDAQ:OSPN - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.35 EPS for the quarter, topping 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 business had revenue of $63.89 million during the quarter, compared to the consensus estimate of $57.43 million. Sell-side analysts expect that Onespan Inc will post 1.08 EPS for the current year.

Onespan Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OSPN. B. Riley Financial upped their target price on shares of Onespan from $22.00 to $32.00 and gave the stock a "buy" rating in a research note on Friday, October 30th. Rosenblatt Securities downgraded shares of Onespan from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a research note on Tuesday, October 27th. Weiss Ratings raised shares of Onespan from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, September 14th. DA Davidson increased their price objective on shares of Onespan from $16.00 to $22.00 and gave the company a "neutral" rating in a research report on Friday, October 30th. Finally, Wall Street Zen upgraded shares of Onespan from a "hold" rating to a "buy" rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $24.00.

Institutional Investors Weigh In On Onespan

Several institutional investors have recently added to or reduced their stakes in OSPN. Bank of America Corp DE purchased a new stake in Onespan in the second quarter valued at approximately $894,000. Legal & General Group Plc purchased a new position in shares of Onespan during the second quarter worth approximately $31,248,000. Ieq Capital LLC purchased a new position in shares of Onespan during the second quarter worth approximately $1,635,000. Bank of New York Mellon Corp purchased a new position in shares of Onespan during the second quarter worth approximately $7,272,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Onespan by 31.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company's stock valued at $15,421,000 after acquiring an additional 349,648 shares during the period. Hedge funds and other institutional investors own 95.52% of the company's stock.

Onespan Company Profile

OneSpan Inc NASDAQ: OSPN provides digital identity, authentication and electronic signature solutions for organizations that need to secure online transactions and interactions. Its technology is designed to help businesses verify users, protect accounts and transactions, and meet security and compliance requirements across digital channels.

The company's offerings include DIGIPASS authentication products, mobile and hardware authenticators, transaction-signing tools, adaptive authentication and identity verification capabilities.

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