Jorge Garcia Martell Sells 15,000 Shares of Onespan (NASDAQ:OSPN) Stock

Onespan Inc (NASDAQ:OSPN) CFO Jorge Garcia Martell sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $10.33, for a total transaction of $154,950.00. Following the transaction, the chief financial officer owned 110,218 shares in the company, valued at approximately $1,138,551.94. This trade represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Onespan Price Performance

OSPN stock opened at $10.36 on Thursday. The company has a fifty day moving average price of $11.39 and a 200 day moving average price of $13.07. Onespan Inc has a 12 month low of $10.16 and a 12 month high of $18.13. The company has a market cap of $388.19 million, a price-to-earnings ratio of 5.51, a price-to-earnings-growth ratio of 0.95 and a beta of 1.54.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The firm had revenue of $62.92 million during the quarter, compared to analysts’ expectations of $59.78 million. Onespan had a net margin of 29.98% and a return on equity of 19.58%. As a group, analysts anticipate that Onespan Inc will post 1.11 earnings per share for the current year.

Onespan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.0%. This is a positive change from Onespan’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 13th. Onespan’s payout ratio is currently 27.66%.

Analyst Upgrades and Downgrades

OSPN has been the topic of several recent research reports. DA Davidson reduced their price objective on Onespan from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Onespan in a research report on Monday, December 29th. Wall Street Zen downgraded Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Zacks Research lowered Onespan from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.67.

Institutional Trading of Onespan

A number of institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in shares of Onespan during the 3rd quarter worth approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Onespan by 81.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company’s stock valued at $26,000 after buying an additional 900 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Onespan during the 4th quarter worth $32,000. Comerica Bank lifted its position in Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after buying an additional 2,021 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in shares of Onespan during the 4th quarter worth about $50,000. Hedge funds and other 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.