99,525 Shares in OneSpan Inc. (NASDAQ:OSPN) Acquired by 272 Capital LP

272 Capital LP purchased a new position in shares of OneSpan Inc. (NASDAQ:OSPN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 99,525 shares of the company’s stock, valued at approximately $1,659,000. 272 Capital LP owned approximately 0.26% of OneSpan as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in OneSpan by 113.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock worth $5,632,000 after acquiring an additional 179,497 shares in the last quarter. Acadian Asset Management LLC increased its holdings in OneSpan by 1,038.5% during the 2nd quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock worth $4,154,000 after purchasing an additional 295,739 shares during the period. Squarepoint Ops LLC purchased a new stake in OneSpan during the 2nd quarter worth about $662,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in OneSpan during the 2nd quarter worth about $300,000. Finally, Inspire Investing LLC purchased a new stake in OneSpan during the 3rd quarter worth about $880,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

OneSpan Trading Up 1.3 %

OneSpan stock opened at $19.13 on Friday. OneSpan Inc. has a twelve month low of $9.22 and a twelve month high of $19.28. The stock has a 50 day moving average of $16.77 and a two-hundred day moving average of $15.17. The stock has a market capitalization of $726.75 million, a price-to-earnings ratio of 25.85 and a beta of 0.77.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on OSPN shares. Sidoti upgraded OneSpan from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.00 to $19.00 in a report on Thursday, October 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of OneSpan in a report on Monday, October 28th. Finally, StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, OneSpan presently has an average rating of “Buy” and a consensus price target of $17.13.

Insiders Place Their Bets

In other news, Director Michael J. Mcconnell sold 53,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $18.51, for a total value of $981,030.00. Following the completion of the sale, the director now directly owns 20,849 shares of the company’s stock, valued at $385,914.99. This trade represents a 71.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by insiders.

OneSpan Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.